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A component used in a manufacturing facility is ordered from an outside supplier. The time - phased net requirements for the component over the next
A component used in a manufacturing facility is ordered from an outside supplier. The
timephased net requirements for the component over the next weeks are
and Assume a holding cost of $ per week and a setup cost of $
Determine the order policy for this item over the next weeks based on SilverMeal
heuristic.
Assume there is a capacity constraint to the lot sizing
a Suppose that the maximum order size is per week. Does there exist a feasible
solution?
b Suppose that the maximum order size is per week. Use lotshifting technique to
obtain a feasible solution without using holding and setup cost
c Suppose that the maximum order size is per week. Improve the solution
obtained in Part b
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