The seasonal demand for a particular product is given below: 

Period 1 2 3 4 5 6 

Demand 300 450 100 450 450 100 

The fixed parameters are:

 Fixed Cost $8 

Unit Production Cost $1 

Holding Cost $1.3 

Calculate total ordering cost using the following three methods:

i) Lot-for-Lot
ii) Wagner-Whitin algorithm
iii) Fixed order quantity

Answer rating: 100% (QA)

Given Demand for a particular product Period ... View the full answer