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A producer has to supply 12,000 units of a product per year to his customer. The demand is fixed and known and backlogs are
A producer has to supply 12,000 units of a product per year to his customer. The demand is fixed and known and backlogs are not allowed. The inventory holding cost is Rs.0.20 per unit per month and the set up cost per run is Rs. 350/- per run. Determine (a) the optimal lot size, (b) Optimum scheduling period, (c)Minimum total expected yearly cost.
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Operations Management Managing Global Supply Chains
Authors: Ray R. Venkataraman, Jeffrey K. Pinto
1st edition
1506302935, 1506302939, 978-1506302935
