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PLEASE PROVIDE ME THE WHOLE DETAILS ON HOW YOU GET THE ANSWER. EACH NUMBER HAS SAME PROBLEMS BUT DIFFERENT METHOD TO BE USE IN lot
PLEASE PROVIDE ME THE WHOLE DETAILS ON HOW YOU GET THE ANSWER. EACH NUMBER HAS SAME PROBLEMS BUT DIFFERENT METHOD TO BE USE IN lot sizing heuristic;
methods are; 1. Lot for lot method please refer to the number 1 problem.
2. Part period method refer to the number 2 problem
3. Silver meal method refer to the number 3 problem
4.the least unit cost method refer to the the number 4 problem.
PRACTICE PROBLEMS FOR LOT-SIZING HEURISTICS 1. The monthly demand for an item over six (6) months is 32, 19, 12, 15, 23, 12 units, respectively. Using the lot-for-lot method, determine the total inventory cost if the holding cost is P1.5 per unit per month and the ordering cost is P40 per order. 2. The monthly demand for an item over six (6) months is 32, 19, 12, 15, 23, and 12, units respectively. Using the Part Period Balancing method, determine the total inventory cost if the holding cost is P1.5 per unit per month and the ordering cost is P40 per order. 3. The monthly demand for an item over six (6) months is 32, 19, 12, 15, 23, and 12, units respectively. Using the Silver-Meal method, determine the total inventory cost if the holding cost is P1.5 per unit per month and the ordering cost is P40 per order. 4. The monthly demand for an item over six (6) months is 32, 19, 12, 15, 23, and 12, units respectively. Using the least unit cost method, determine the total inventory cost if the holding cost is P1.5 per unit per month and the ordering cost is P40 per orderStep by Step Solution
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