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In the table below is a production schedule for a manufacturer. James have been hired on to figure out the optimal 3 month production schedule
In the table below is a production schedule for a manufacturer. James have been hired on to figure out the optimal 3 month production schedule using the Wagner-Whitin Algorithm. answers in excel sheet and formula for opening and ending inventory should be mentioned
Period (t) | 1 | 2 | 3 |
Demand (Dt) | 1000 | 300 | 500 |
Unit Cost (ct) cost per unit | 21 | 21 | 21 |
Setup Cost / ordering cost(At) | 326 | 326 | 326 |
Holding Cost (ht) | 54 | 54 | 54 |
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