For what quantity the first order should be released

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Q- 1. The MP gross requirements for Item X are shown here for 4 weeks. Lead Time for A is one week and set up cost is $9. There is a carrying cost of $0.20. per unit per week. Begining inventory is 20 units in Week 1.

 

Week

 

1

2

3

4

Gross Requirements

20

10

15

45

a) Use the EOQ method to determine when and for what quantity the first order should be released.

b) Use the Silver-Meal heuristic to determine when and for what quantity the first order should be released.

Reference no: EM13891554

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