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James Walter is a production planner for S&T Labs, in New York, and he has the master production plan shown below: table [ [
James Walter is a production planner for S&T Labs, in New York, and he has the master production plan shown below:
table table Period weeks table Gross Requirements
Lead time ?period; setup costs $ ; holding cost $ ?per week; stockout cost $ ?per week. Develop an ordering plan and costs for James, using these techniques:
a ?Lot for lot.
b ?EOQ.
c ?POQ.
d Which plan has the lowest cost?
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