Technique produces the lowest total cost

Assignment Help Management Theories

Reference no: EM131065046

Daily demand for an item is shown here. Assume a holding cost of $0.50 per unit per day, a setup cost of $100 per setup, a lead time of one day and 70 units on hand. Determine when a work order should be released for the item and the size of the order using the L4L, EOQ, and POQ lot sizing techniques. Which technique produces the lowest total cost?

Reference no: EM131065046

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