1.The five week demand forecasts are given in the following table:WeekDemand43360220260140270The order cost is $250 and holding cost is $5.a) Evaluate the order quantity using lot-for-lot rule.b) Evaluate the order quantity using fixed period method with m=2c) Evaluate the order quantity using silver meal cost method.d) Compare the results which one is bestK(m)(A+hD2 +2hD + 3hD4 ++ (m - 1)hDm)...

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Answered: 1.The five week demand forecasts are…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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1.The five week demand forecasts are given in the following table: Week Demand 1 4 3 360 220 260 140 270 The order cost is $250 and holding cost is $5. a) Evaluate the order quantity using lot-for-lot rule. 1 mothod with ma?