The gross requirements for item A are specified for the beginning of weeks 1 through 12 in the table that follows. Item
Posted: Sun May 08, 2022 4:30 pm
The gross requirements for item A are specified for the beginning of weeks 1 through 12 in the table that follows. Item A, Level 0 01 02 03 04 05 06 07 08 09 10 11 12 Gross 0 0 0 70 0 50 0 50 0 50 0 60 requirements. Projected on 50 ? ? ? ? ? ? ? ? ? ? ? hand Net ? ? ? ? ? ? ? ? ? ? ? ? Requirements Planned ? ? ? ? ? ? ? ? ? ? ? ? order release The lead time is 2 weeks. The current on hand inventory, at the beginning of week 1 is 50 units. For a lot-for-lot scheduling policy, determine the total cost for the 12 week period when the ordering cost is $80 per order and the holding cost is $1 per unit per week. Assume that inventory cost applies if units are on hand at the beginning of the week. Answer: