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Considering the following table for the two type of spare parts answer the following questions (each product distribution is poisson). The setup cost A=1000, h=1000.
Considering the following table for the two type of spare parts answer the following questions (each product distribution is poisson). The setup cost A=1000, h=1000.
Hint:
-Divide the lead time to 12!
-Demand is per year
- Find order quantities that make the average order frequency equal to ten times
- Fill the blanks with Q using the EOQ model
Please show all work
\begin{tabular}{|l|l|l|l|l|l|l|l|l|l|l|l|l|} \hline Parts & Demand(peryear) & HoldingCost & Lead-time(month) & i & i & Qi & Fi & ri & B(Q,ri) & HoldingCost & OrderCost & TotalCost \\ \hline 1 & 100 & 100 & 1 & & & & & & & & & \\ \hline 2 & 250 & 100 & 2 & & & & & & & & & \\ \hline \end{tabular}
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