Please advise with Homework Chapter 20 Problem 6. Thank you. Please provide step by step explantion so I can use it for notes The MRP gross requirements for Item X are shown here for the next 10 weeks. Lead time for A is two weeks, and setup cost is $9. There is a carrying cost of $0.02 per unit per week. Beginning inventory is 70 units. **Gross Requirements:**- **Week 1:** 20- **Week 2:** 10- **Week 3:** 15- **Week 4:** 45- **Week 5:** 30- **Week 6:** 30- **Week 7:** 180- **Week 8:** 20- **Week 9:** 40- **Week 10:** 150Use the least total cost lot-sizing method to determine when and for what quantity the first order should be released.**Feedback:**- **Answer:** The answer is complete but not entirely correct.**Suggested Correction:**- The least total cost method indicates that **20 units** should be ordered to cover the needs for periods **4 through 8**.

Find the Calculation methods below: Week 1 2 3 4 5 6 7 8 9 10 Gross Requirements 20 10 15 45 10 30 100 20 40 150 Lead time 2 Weeks Setup cost $ 9 Carrying cost $ 0.02 Beginning Inventory 70 Units Net Requirements = Gross Requirements - Beginning Inventory Carrying cost = Excess Invetory * Weeks * Carrying costTotal cost = Setup Cost + Carrying costFind the Least cost Calculations below: The least total cost method indicates that 199 Units should be ordered to cover the need for periods from 4 to 8. Least unit cost calculations: Calculations: Answers: The least total cost method indicates that 199 Units should be ordered to cover the need for periods from 4 to 8.

Business

Operations Management

The MRP gross requirements for Item X are shown here for the next 10 weeks. Lead time for A is two weeks, and setup cost is $9. There is a carrying cost of $0.02 per unit per week. Beginning inventory is 70 units. Gross requirements 20 Least total cost method indicates that periods WEEK 100 Use the least total cost lot-sizing method to determine when and for what quantity the first order should be released. 4 through 8 Answer is complete but not entirely correct. 20 40 150 units should be ordered to cover the needs for

The MRP gross requirements for Item X are shown here for the next 10 weeks. Lead time for A is two weeks, and setup cost is $9. There is a carrying cost of $0.02 per unit per week. Beginning inventory is 70 units. Gross requirements 20 Least total cost method indicates that periods WEEK 100 Use the least total cost lot-sizing method to determine when and for what quantity the first order should be released. 4 through 8 Answer is complete but not entirely correct. 20 40 150 units should be ordered to cover the needs for

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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