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Please help, The following table shows the demand for fans manufactured by Leonard's Fan Company. The holding cost for that item is $2 per month
Please help,
The following table shows the demand for fans manufactured by Leonard's Fan Company. The holding cost for that item is $2 per month and each setup costs $80. Lead time is 0 months. Calculate the planned order releases using: (a) the EOQ technique, and (b) the POQ technique. What are the costs of each plan, including the holding cost of any inventory left over after month 7?
Month
1
2
3
4
5
6
7
Requirement
400
150
200
150
100
150
250
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