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Solution Library
Developing Lot, EOQ, POQ Solutions for Given Data
Question
(MRP)
|
Period |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
|
Gross Requirements |
30 |
20 |
40 |
10 |
40 |
60 |
20 |
80 |
10 |
90 |
70 |
10 |
Holding cost is $2.50/unit/week (period)
setup cost: $175
Lead time 1 week
beginning inventory 50
stockout cost=$10
1. Develop a lot for lot solution and calculate total relevant costs for the data in the above tables.
2. Develop a EOQ solution and calculate total relevant costs for the data in the above tables.
3. Develop a POQ solution and calculate total relevant costs for the data in the above tables.
4. Using the data above which is the best technique and why?
Summary
This question belongs to operations management and discusses about lot solution and total relevant costs.
Word count: NA
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