Question: The time-phased net requirements for the base assembly in a table lamp over the next six weeks are Week 1 2 3 4 5 6
The time-phased net requirements for the base assembly in a table lamp over the next six weeks are Week 1 2 3 4 5 6 Requirements 335 200 140 440 300 200 The setup cost for the construction of the base assembly is $200, and the holding cost is $0.50 per assembly per week. a. Determine the lot sizes using the lot-for-lot rule. b. Determine the lot sizes using EOQ. c. Determine the lot sizes using the Silver-Meal heuristic. d. Determine the lot sizes using the least unit cost heuristic. e. Determine the lot sizes using part period balancing. f. Compare the holding and setup costs obtained over the six periods using the policies found in parts (b) though (e) with the cost of a lot-for-lot policy.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
