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Ellen Farr is responsible for purchasing forgings and castings for Farr Machining Corporation s raw material stockroom. Ellen s job is to purchase enough castings

Ellen Farr is responsible for purchasing forgings and castings for Farr Machining Corporations raw material stockroom. Ellens job is to purchase enough castings and forgings to meet weekly demand for these items by the firms fabrication shop in producing machined parts. Forecast weekly requirements for one item (the input shaft forging) and cost information for this item are as follows:
Week
12345678910
Forecast 44521004204602003001004050
Ordering cost = $250.
Inventory carrying cost = $5/unit/week.
Calculate the orders Ellen would place and the total cost incurred using:
(a) Economic Order Quantity (EOQ)
(b) Periodic Order Quantity (POQ)
(c) Part Period Balancing (PPB)

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