Question: QUESTION 2 25 points Save An A department store sells gloves throughout the year, but demand varies over time. Estimated sales for the next 12

QUESTION 2 25 points Save An A department store

QUESTION 2 25 points Save An A department store

QUESTION 2 25 points Save An A department store sells gloves throughout the year, but demand varies over time. Estimated sales for the next 12 months are 60, 12, 10, 15, 15, 50, 30, 60, 20, 15, 20, 30. Gloves can be ordered from the manufacturer at the beginning of every month at a fixed ordering cost of $100, and delivery is immediate The gloves cost $3.33 each, and the inventory cost carrying rate is 20% per glove. Assuming deterministic demand and no shortages, develop an ordering plan for this company using the Wagner- Whitin algorithm. At the end of this question, provide the ordering plan for the year. 1 2 3 4 5 6 8 NIN 9 10 11 12 60 12 10 15 15 .50 30 60 20 15 20 30 Period (t) Demand (D) Unit Costa) Order Cost (At) Holding Cost (hu) $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 Period (t) 1 3 4 5 6 8 9 10 11 12 1 2 3 4 5 6 7 8 9 o 10 10 11 12

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