The time-phased net requirements for the base assembly in a table lamp over the next six weeks are: Week123456Requirements335240180320320200 The setup cost for the construction of the base assembly is $200, and the holding cost is $0.30 per assembly per week.What lot sizing do you obtain from the EOQ formula?Determine the lot sizes using the Silver–Meal heuristic.Determine the lot sizes using the least unit cost heuristic.Determine the lot sizes using part period balancing.Determine the lot size using the Wagner–Whitin algorithm.Compare the holding and setup costs obtained over the six periods using the policies found in parts (a) through (e) with the cost of a lot-for-lot policy.

EOQ holds for economic order quantity and it serves to obtain a measure of production or order that…

Answered: The time-phased net requirements for…

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Chapter2: The Purchasing Process

Section: Chapter Questions

Problem 1GPE

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The time-phased net requirements for the base assembly in a table lamp over the next six weeks are:

Week	1	2	3	4	5	6
Requirements	335	240	180	320	320	200

The setup cost for the construction of the base assembly is $200, and the holding cost is $0.30 per assembly per week.

What lot sizing do you obtain from the EOQ formula?
Determine the lot sizes using the Silver–Meal heuristic.
Determine the lot sizes using the least unit cost heuristic.
Determine the lot sizes using part period balancing.
Determine the lot size using the Wagner–Whitin algorithm.
Compare the holding and setup costs obtained over the six periods using the policies found in parts (a) through (e) with the cost of a lot-for-lot policy.

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