Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Develop a EOQ solution and calculate total relevant costs for the gross requirements in the following table * . Period 1 2 3 4 5

Develop a EOQ solution and calculate total relevant costs for the gross requirements in the following table*.
Period
1
2
3
4
5
6
7
8
9
10
11
12
Gross requirements
*Holding cost$/unit/week; setup cost$; lead time1week; beginning inventory40.
What is the average demand per week? (enter your responses with 2 decimal places):
enter your response here
Calculate Economic Order Quantity(EOQ)(enter your responses as whole numbers):
enter your response here
Calculate the number of periods for POQ (enter your responses as whole numbers):
enter your response here
Develop a POQ solution (enter your responses as whole numbers).
Period
1
2
3
4
5
6
7
8
9
10
11
12
Gross requirements
Scheduled receipt
Projected On-hand
40
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
Net Requirements
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
Planned Order receipt
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
Planned Order release
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
Setup cost for 12 weeks is $
enter your response here(enter your response as a whole number).
Carrying cost for 12 weeks is
$
enter your response here(enter your response as a whole number).
The total cost is $
enter your response here (enter your response as a whole number).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Technology Business Management

Authors: Todd Tucker

1st Edition

0997612746, 978-0997612745

More Books

Students also viewed these General Management questions