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The seasonal demand for a particular product is given below:   Period 1, 2, 3 ,4 ,5, 6   Demand 300 ,450 ,100 ,450 ,450 ,100   The fixed parameters are:   Fixed Cost $8   Unit Production Cost $1   Holding Cost $1.3   Calculate total ordering cost using the following three methods:   i) Lot-for-Lot ii) Wagner-Whitin algorithm iii) Fixed order quantity

The seasonal demand for a particular product is given below:   Period 1, 2, 3 ,4 ,5, 6   Demand 300 ,450 ,100 ,450 ,450 ,100   The fixed parameters are:   Fixed Cost $8   Unit Production Cost $1   Holding Cost $1.3   Calculate total ordering cost using the following three methods:   i) Lot-for-Lot ii) Wagner-Whitin algorithm iii) Fixed order quantity

Practical Management Science
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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The seasonal demand for a particular product is given below:

 

Period 1, 2, 3 ,4 ,5, 6

 

Demand 300 ,450 ,100 ,450 ,450 ,100

 

The fixed parameters are:

 

Fixed Cost $8

 

Unit Production Cost $1

 

Holding Cost $1.3

 

Calculate total ordering cost using the following three methods:

 

i) Lot-for-Lot

ii) Wagner-Whitin algorithm

iii) Fixed order quantity

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