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2. The time-phased net requirements for the base assembly in a table lamp over the next six weeks are: Week |1 2 3 4 56 Requirements 335 240 180 320 320 200 The setup cost for the construction of the base assembly is $200, and the holding cost is S0.30 per assembly per week. a. What lot sizing do you obtain from the EOQ formula? b. Determine the lot sizes using the Silver-Meal heuristic. c. Determine the lot sizes using the least unit cost heuristic.

2. The time-phased net requirements for the base assembly in a table lamp over the next six weeks are: Week |1 2 3 4 56 Requirements 335 240 180 320 320 200 The setup cost for the construction of the base assembly is $200, and the holding cost is S0.30 per assembly per week. a. What lot sizing do you obtain from the EOQ formula? b. Determine the lot sizes using the Silver-Meal heuristic. c. Determine the lot sizes using the least unit cost heuristic.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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2. The time-phased net requirements for the base assembly in a table lamp over the next six weeks are: Week 1 2 3 4 5 6 Requirements 335 240 180 320 320 200 The setup cost for the construction of the base assembly is $200, and the holding cost is S0.30 per assembly per week. a. What lot sizing do you obtain from the EOQ formula? b. Determine the lot sizes using the Silver-Meal heuristic. c. Determine the lot sizes using the least unit cost heuristic. d. Determine the lot sizes using part period balancing. e. Determine the lot size using the Wagner-Whitin algorithm. f. Compare the holding and setup costs obtained over the six periods using the policies found in parts (a) through (e) with the cost of a lot-for-lot policy.
Transcribed Image Text:2. The time-phased net requirements for the base assembly in a table lamp over the next six weeks are: Week 1 2 3 4 5 6 Requirements 335 240 180 320 320 200 The setup cost for the construction of the base assembly is $200, and the holding cost is S0.30 per assembly per week. a. What lot sizing do you obtain from the EOQ formula? b. Determine the lot sizes using the Silver-Meal heuristic. c. Determine the lot sizes using the least unit cost heuristic. d. Determine the lot sizes using part period balancing. e. Determine the lot size using the Wagner-Whitin algorithm. f. Compare the holding and setup costs obtained over the six periods using the policies found in parts (a) through (e) with the cost of a lot-for-lot policy.
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