Develop an ordering plan and costs for grace

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Reference no: EM131359572

Question -

Grace Greenberg, production planner for Science and Technology Labs, in New Jersey, has the master production plan shown below:

Period (weeks)	1	2	3	4	5	6	7	8	9	10	11	12
Gross requirement		35		40		10			25	10		45

Lead time = 1 period; setup costs = $200; holding cost = $10 per week; stock out cost = $10 per week. Develop an ordering plan and costs for Grace, using these techniques:

a) Lot-for-lot.

b) EOQ.

c) POQ.

d) Which plan has the lowest cost?

Reference no: EM131359572

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