Q1) Consider the following requirements for a certain product. Period 1 2 3 4 5 6 7 8 Gross requirements 0 200 200 500 0 400 0 400 Beginning inventory = 300 units Setup cost = $300 per setup Lead time = 1 week Holding cost = $5 per unit per week (a) Develop the lot-for-lot MRP table - (complete table below). (b) Calculate the total relevant costs. Answer: a) Period 1 2 3 4 5 6 7 8 Gross requirements On hand beg period | 300 On hand end period Net requirements Order receipt Order release b) Total relevant costs = $?,???.
Q1) Consider the following requirements for a certain product. Period 1 2 3 4 5 6 7 8 Gross requirements 0 200 200 500 0 400 0 400 Beginning inventory = 300 units Setup cost = $300 per setup Lead time = 1 week Holding cost = $5 per unit per week (a) Develop the lot-for-lot MRP table - (complete table below). (b) Calculate the total relevant costs. Answer: a) Period 1 2 3 4 5 6 7 8 Gross requirements On hand beg period | 300 On hand end period Net requirements Order receipt Order release b) Total relevant costs = $?,???.
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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Question
Q1) Consider the following requirements for a certain product.
|
Period |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
|
Gross requirements |
0 |
200 |
200 |
500 |
0 |
400 |
0 |
400 |
Beginning inventory = 300 units
Setup cost = $300 per setup
Lead time = 1 week
Holding cost = $5 per unit per week
(a) Develop the lot-for-lot MRP table - (complete table below).
(b) Calculate the total relevant costs.
Answer:
a)
|
Period |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
|
Gross requirements |
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|
|
|
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|
|
On hand beg period | 300 |
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On hand end period |
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Net requirements |
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|
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Order receipt |
|
|
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|
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|
Order release |
|
|
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|
|
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|
- b) Total relevant costs = $?,???.
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