Question
he time-phased net requirements for the base assembly in a table lamp over the next six weeks are Week 1 2 3 4 5 6
he time-phased net requirements for the base assembly in a table lamp over the next six weeks are Week 1 2 3 4 5 6 Requirements 335 200 140 440 300 200 The setup cost for the construction of the base assembly is $200, and the holding cost is $0.30 per assembly per week
a. What lot sizing do you obtain from the EOQ formula
b. Determine the lot sizes using the Silver-Meal heuristic
c. Determine the lot sizes using the least unit cost heuristic
d. Determine the lot sizes using part period balancing
e. Compare the holding and setup costs obtained over the six periods using the polices found in parts (a) through (d) with the cost of a lot-for-lot policy
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