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The uneven demand for a product for the next 9 months is known. The ordering cost is $40 and the annual inventory carrying percentage is
The uneven demand for a product for the next 9 months is known. The ordering cost is $40 and the annual inventory carrying percentage is 20%, While the value of the demand is $12.00. Using the Silver-Meal method, determine the total cost that results from your choices of order quantities in each period. Show your work and indicate the receipt in each period. Initial inventory 1 2 3 4 5 6 7 8 9 Demand 173 171 190 249 160 280 189 150 241 Receipt Inventory 150 15% Carrying % per yes Ordering cost Value $40 $12 Total cost (nearest dollar) Order quantities: 1 2 3 4 5 6 7 8 9 The uneven demand for a product for the next 9 months is known. The ordering cost is $40 and the annual inventory carrying percentage is 20%, While the value of the demand is $12.00. Using the Silver-Meal method, determine the total cost that results from your choices of order quantities in each period. Show your work and indicate the receipt in each period. Initial inventory 1 2 3 4 5 6 7 8 9 Demand 173 171 190 249 160 280 189 150 241 Receipt Inventory 150 15% Carrying % per yes Ordering cost Value $40 $12 Total cost (nearest dollar) Order quantities: 1 2 3 4 5 6 7 8 9
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