Question: Question 1: Daily demand for an item is shown here. Assume a holding cost of RM0.50 per unit per day, a setup cost of RM100

Question 1: Daily demand for an item is shown

Question 1: Daily demand for an item is shown here. Assume a holding cost of RM0.50 per unit per day, a setup cost of RM100 per setup, a lead time of one day and 70 units on hand. Determine when a work order should be released for the item and the size of the order using the L4L, EOQ, and POQ lot sizing techniques. Which technique produces the lowest total cost? Period Gross Requirement 1 2 3 4 5 6 7 8 9 10 50 30 25 35 40 50 35 45 70 75

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