Answer Happy

Given the following Gross Requirements for a component: 30 units in week 1, 40 units in week 3, 30 units in week 5 70 units in week 6, 20 units in week 7, 10 units in week 9 80 units in week 10, and 50 units in week 12 The holding cost is $2.50 per unit per week The setup cost is $150 Lead time is 1 week Beginning inventory is 40 units Stockout cost is $10 per unit shortage a) Develop a lot for lot solution and calculate all the relevant costs b) Develop an EOQ solution and calculate all the relevant costs c) Develop a POQ solution and calculate all the relevant costs d) Which solution provides the lowest total cost