Consider an item with the following deterministic, time-varying demand pattern: Week 1 2 3 4 5 6
Question:
Consider an item with the following deterministic, time-varying demand pattern:
Week 1 2 3 4 5 6 Demand 50 80 180 80 0 0 Week 7 8 9 10 11 12 Demand 180 150 10 100 180 130 Suppose that the pattern terminates at week 12. Let other relevant characteristics of the item be:
Inventory carrying cost per week (incurred only on units carried over from 1 week to the next) is $0.20/unit.
Fixed cost per replenishment is $30.
Initial inventory and replenishment lead time are both zero.
Perform an analysis similar to that of Problem 5.4 (of course, substituting “week” for
“month”).
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Related Book For
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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