1. The gross requirements for item A are specified for thebeginning of weeks 1 through 12 in the table that follows.Item A, Level 001 02 03 04 05 06 07 08 09 10 11 12o o0 64 0 570Gross67 0 21 0 49requirements.Projected on? ? ?? ? ? ?? ??hand84Net? ?? ?? ?Requirements????Planned? ????????? ?order releaseThe lead time is 2 weeks. The current on hand inventory, atthe beginning of Week 1 is 84 units. For a lot-for-lotscheduling policy, determine the total cost for the 12 weekperiod when the ordering cost is $45 per order and the holdingcost is $4 per unit per week. Assume that inventory costapplies if units are on hand at the beginning of the week.Report the total cost as a whole number with no commas.Answer:

Given data is Ordering cost = $45 per order Holding cost = $4/unit/week

Answered: The gross requirements for item A are…

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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