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The time-phased net requirements for the base assembly in a table lamp over the next 6 weeks are listed below: [ The setup cost for
The time-phased net requirements for the base assembly in a table lamp over the next 6 weeks are listed below: [ The setup cost for constructing the base assembly is $200, and the holding cost is $0.30 per assembly per week. a) What lot of sizing do you obtain from the EOQ formula? b) Determine the lot sizes using the Silver-Meal heuristic. c) Compare the holding and setup costs obtained over the 6 periods using the policies found in parts a) and b) with the cost of a lot-for-lot policy
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