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 | 240 | 180 | 340 | 320 | 200 |
The setup cost for the construction of the base assembly is $200, and the holding cost is $0.30 per assembly per week.
- What lot sizing do you obtain from the EOQ formula?
- Determine the lot sizes using the SilverMeal heuristic.
- Determine the lot sizes using the least unit cost heuristic.
- Determine the lot sizes using part period balancing.
- Determine the lot size using the WagnerWhitin algorithm.
- Compare the holding and setup costs obtained over the six periods using the policies found in parts (a) through (e) with the cost of a lot-for-lot policy.
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