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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 6 month production schedule
In the table below is a production schedule for a manufacturer. James have been hired on to figure out the optimal 6 month production schedule usingthe Wagner-Whitin Algorithm. Explain the rationale behind the answer you found and what is the most dominant variable in your calculations? how to doWagner-Whitin Algorithm this in excel?Answer solved in excel sheet will be appreciated.
Period (t) | 1 | 2 | 3 | 4 | 5 | 6 |
Demand (Dt) | 1000 | 300 | 500 | 200 | 800 | 1000 |
Unit Cost (ct) | 21 | 21 | 21 | 21 | 21 | 21 |
Setup Cost (At) | 326 | 326 | 326 | 326 | 326 | 326 |
Holding Cost (ht) | 54 | 54 | 54 | 54 | 54 | 54 |
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