Answered step by step
Verified Expert Solution
Question
1 Approved Answer
(25) A supplier makes wings for a small aircraft. Timed requirements for delivery to the lead systems integrator that assembles wings onto the plan are
(25) A supplier makes wings for a small aircraft. Timed requirements for delivery to the lead systems integrator that assembles wings onto the plan are 6, 5, 10, 9, 12, 8 over the next six weeks. There is an initial on-hand inventory of 4. In addition, there will most likely be further orders, so an ending inventory of 5 is needed. The setup cost is $1,100, and the per- week holding cost is $35 per wing. a. What is the adjusted EOQ lot release plan using Wagner Whitin approach for dynamically changing lot sizes and its associated cost? b. What is the lot release plan using the Wagner Whitin optimal approach and its associated cost? c. A capacity restriction of 15 per period must be used. Adjust the optimal lot release plan to accommodate this constraint. What should be done to reduce the extra cost associated with this constraint? (25) A supplier makes wings for a small aircraft. Timed requirements for delivery to the lead systems integrator that assembles wings onto the plan are 6, 5, 10, 9, 12, 8 over the next six weeks. There is an initial on-hand inventory of 4. In addition, there will most likely be further orders, so an ending inventory of 5 is needed. The setup cost is $1,100, and the per- week holding cost is $35 per wing. a. What is the adjusted EOQ lot release plan using Wagner Whitin approach for dynamically changing lot sizes and its associated cost? b. What is the lot release plan using the Wagner Whitin optimal approach and its associated cost? c. A capacity restriction of 15 per period must be used. Adjust the optimal lot release plan to accommodate this constraint. What should be done to reduce the extra cost associated with this constraint
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started