1.The five week demand forecasts are given in the following table: Week Demand 1 4 3 360 220 260 140 270 The order cost is $250 and holding cost is $5. a) Evaluate the order quantity using lot-for-lot rule. 1 mothod with ma?

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
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1.The five week demand forecasts are given in the following table:
Week
Demand
4
3
360
220
260
140
270
The order cost is $250 and holding cost is $5.
a) Evaluate the order quantity using lot-for-lot rule.
b) Evaluate the order quantity using fixed period method with m=2
c) Evaluate the order quantity using silver meal cost method.
d) Compare the results which one is best
K(m)
(A+hD2 +2hD + 3hD4 +
+ (m - 1)hDm)
...
Transcribed Image Text:1.The five week demand forecasts are given in the following table: Week Demand 4 3 360 220 260 140 270 The order cost is $250 and holding cost is $5. a) Evaluate the order quantity using lot-for-lot rule. b) Evaluate the order quantity using fixed period method with m=2 c) Evaluate the order quantity using silver meal cost method. d) Compare the results which one is best K(m) (A+hD2 +2hD + 3hD4 + + (m - 1)hDm) ...
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