Q3) The cost for a product B is 18 TL per unit. Holding cost is 16 TL per unit per quarter and order cost is given as 750 TL. Find optimal lot sizing for product 8 using Wagner Whitin algorithm. Demand for upcoming quarters are given below. Demand Quarter1 Quarter2 Quarters Quarter4 225 180 345 267

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...
icon
Related questions
Question

1

Q3) The cost for a product B is 18 TL per unit. Holding cost is 16 TL per unit per quarter and order
cost is given as 750 TL. Find optimal lot sizing for product B using Wagner whitin aigorithm. Demand
for upcoming quarters are given below.
Demand Quarter1 Quarter2 Quarter3 Quarter4
225
180
345
267
B.
Transcribed Image Text:Q3) The cost for a product B is 18 TL per unit. Holding cost is 16 TL per unit per quarter and order cost is given as 750 TL. Find optimal lot sizing for product B using Wagner whitin aigorithm. Demand for upcoming quarters are given below. Demand Quarter1 Quarter2 Quarter3 Quarter4 225 180 345 267 B.
Expert Solution
steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Similar questions
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.