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a. Apply the EOQ procedure, (only integer multiples of the EOQ can be ordered) b. Apply the POQ procedure, c. Apply the PPB lot-sizing procedure, d. Show the total cost resulting from each procedure.

a. Apply the EOQ procedure, (only integer multiples of the EOQ can be ordered) b. Apply the POQ procedure, c. Apply the PPB lot-sizing procedure, d. Show the total cost resulting from each procedure.

Advanced Engineering Mathematics
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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2. The Thrifty Computer Company is trying to decide which of several lot-sizing procedures to use for its MRP system. The following information pertains to one of the typical component parts: Setup cost = $110/order. Inventory holding cost = $1.30/unit/week. Current inventory balance = 0 units. X-39 Week 1 2 3 4 5 6 7 8 Demand Forecast 2X 50 X 110 3X 25 85 X a. Apply the EOQ procedure, (only integer multiples of the EOQ can be ordered) Apply the POQ procedure, b. c. Apply the PPB lot-sizing procedure, d. Show the total cost resulting from each procedure. Calculate inventory carrying cost based on the average inventory on hand at the end of each period. Assume orders are received into the beginning inventory.
Transcribed Image Text:2. The Thrifty Computer Company is trying to decide which of several lot-sizing procedures to use for its MRP system. The following information pertains to one of the typical component parts: Setup cost = $110/order. Inventory holding cost = $1.30/unit/week. Current inventory balance = 0 units. X-39 Week 1 2 3 4 5 6 7 8 Demand Forecast 2X 50 X 110 3X 25 85 X a. Apply the EOQ procedure, (only integer multiples of the EOQ can be ordered) Apply the POQ procedure, b. c. Apply the PPB lot-sizing procedure, d. Show the total cost resulting from each procedure. Calculate inventory carrying cost based on the average inventory on hand at the end of each period. Assume orders are received into the beginning inventory.
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