Question
Please solve Question 4 according to the book: Production and Operations Analysis. Steven Nahmias and Tava Lennon Oslen. 8th Ed. Waveland press. Follow the steps
Please solve Question 4 according to the book: "Production and Operations Analysis. Steven Nahmias and Tava Lennon Oslen. 8th Ed. Waveland press. Follow the steps for the solved example in the screenshot
Anticipated demands for a six-period planning horizon are 335, 200, 140, 440, 300, 200. The setup cost is $200 and the holding cost is h=$.30 per unit per period.
4) You are given the following production capacities for the demand 335, 200, 140, 440, 300, 200 previously mentioned above.
Period | 1 | 2 | 3 | 4 | 5 | 6 |
Capacity | 600 | 600 | 600 | 400 | 200 | 200 |
Determine the planned order release using the lot sizing technique for capacity constraints with the improvements step and the corresponding total holding and setup cost.
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