Consider a company facing a demand pattern and costs as follows: Month Sequential Number Requirements (Units) January

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Consider a company facing a demand pattern and costs as follows:

Month Sequential Number Requirements (Units)

January 1 200 February 2 300 March 3 180 April 4 70 May 5 50 June 6 20 July 7 10 August 8 30 September 9 90 October 10 120 November 11 150 December 12 190 Total 1,410 A $160.00 r (per month) 0.10$/$

v $5.00

a. Construct a replenishment schedule and calculate the associated costs using the fixed EOQ method.

b. Repeat using the Wagner–Whitin algorithm.

c. Repeat using the Silver–Meal heuristic.

d. Repeat using the LUC method.

e. Repeat using the PPB method.

f. Repeat using the POQ method.

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Related Book For  book-img-for-question

Inventory And Production Management In Supply Chains

ISBN: 9781032179322

4th Edition

Authors: Edward A Silver, David F Pyke, Douglas J Thomas

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