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PROBLEM - 2 . ( 2 5 Pts ) An industrial engineer in the production planning department of an automotive industry company is in charge

PROBLEM-2.(25 Pts)
An industrial engineer in the production planning department of an automotive industry company is in charge of determining the lot sizes of the semi product K in the A single inventory item is ordered from an outside supplier.
The industrial engineer is using Winters's method to forecast the quarterly product sales. He/she has been using smoothing constants of =0.2,=0.2 and =0.1. He/she has currently obtained the following values of the various slope, intercept, and seasonal factors: S10=240,G10=28,c10=1.3,c9=1.2,c8=0.7, and c7=0.8.
a. Determine the forecast for the product sales in quarter 11,12,13and 14(6 Pts)
b. Current inventory of this item is 15, and ending inventory should be 20. Assume a holding cost of TL 2 per period and a setup cost of TL 40. Determine the order policy for this item based on the forecasted demand over the next 4 quarters and 14th quarters
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