Solution-Calculate the planned order releases using EOQ

Calculate the planned order releases using EOQ technique

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Question - The following table shows the demand for fans manufactured by Leonard's Fan Company. The holding cost for that item is $2 per month and each setup costs $80. Lead time is 0 months.

Month	1	2	3	4	5	6	7
Requirement	400	150	200	150	100	150	250

Calculate the planned order releases using: (a) the EOQ technique, and (b) the POQ technique. What are the costs of each plan, including the holding cost of any inventory left over after month 7?

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Calculate the planned order releases using EOQ technique

Reference no: EM132488342

Reference no: EM132488342

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