Question: Using the Wagner - Whitin algorithm work out the inventory policy for a business with a fluctuating weekly requirement over a complete 1 2 months
Using the WagnerWhitin algorithm work out the inventory policy for a business with a fluctuating weekly requirement over a complete months weeks
Weekly requirements for the product for the first weeks are as follows:
Every weeks the demand pattern repeats throughout the months.
Ordering cost is $ per order
The carrying cost is of the unit cost per unit per week.
The unit cost is $ per unit.
Considering a fixed lead time, calculate the optimal inventory policy using the WagnerWhitin algo for the week period.
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