Chapter 8.2, Problem 13P

a)

Summary Introduction

Interpretation: Determine the lot-sizing for the 10 periods using silver-meal method.

Concept Introduction: Silver-Meal method is mainly focused on production planning in production firms. This method also provides the approximate solutions to the time-varying demands products.it is used to take decisions based on lot sizing.

b)

Summary Introduction

Interpretation: Determine the lot-sizing for the 10 periods using least unit cost method.

Concept Introduction: The main aim of the Least Unit Cost (LUC) method is that to minimize or reduced the average of the cost to the every unit. This method will not perform effectively when the ordering cost are constant.it is also one of the dynamic lot-size technique.

c)

Summary Introduction

Interpretation: Determine the lot-sizing for the 10 periods using part period balancing method.

Concept Introduction: Part Period Balancing (PPB) technique is the lot-sizing method.it will reduces the adding the ordering costs and carrying inventory costs for an every single product.it will also used to plan the order based on changing date and number of quantities.

d)

Summary Introduction

Interpretation: Determine the three lot-sizing method resulted in the lowest cost for the 10 periods.

Concept Introduction: During the production time, quantity order will be determined is defined as lot size. Lot size may be static or dynamic. Mostly, Lot size will be determined through the consumer order, production size, batch size of the machine and so on.