Question
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).
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