Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the gross requirements schedule below*, prepare an alternative ordering system POQ that orders every 3 weeks for 3 weeks ahead (a periodic order quantity)

Using the gross requirements schedule below*, prepare an alternative ordering system POQ that orders every 3 weeks for 3 weeks ahead (a periodic order quantity) as a Lot Sizing technique. What is the cost of this ordering system? Period 1 2 3 4 5 6 7 8 9 10 Gross requirements 45 20 50 0 10 50 30 0 30 55 *Holding cost=$1/unit/week; setup cost=$200; lead time=1 week; beginning inventory=45 units.

Period

1

2

3

4

5

6

7

8

9

10

Gross requirements

45

20

50

0

10

50

30

0

30

55

On-hand at beginning of period

45

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

On-hand at end of period

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

Net requirements

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

Order receipt

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

Order release

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

enter your response here

The cost of this ordering system is

$enter your response here

(enter your response as a whole number).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

8. Explain the relationship between communication and context.

Answered: 1 week ago