A manufacturing company buys a certain part in varying quantities throughout the year. Ordering cost is $
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A manufacturing company buys a certain part in varying quantities throughout the year. Ordering cost is $ 11 per order, and holding cost is $0.14 per piece per month. Given the following demand (net requirements) for the part for the next eight months, determine the order sizes and timing of purchase orders using the part-period method.
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Related Book For
Operations Management
ISBN: 978-0071091428
4th Canadian edition
Authors: William J Stevenson, Mehran Hojati
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