Given an ordering (setup) cost of $150, a per-period holding cost of $0.25 (per unit), and the following requirements schedule: Period 2 Demand 240 160 160 140 200 120 What is the part-period method lot size of the order for the first period?

Given an ordering (setup) cost of $150, a per-period holding cost of $0.25 (per unit), and the following requirements schedule: Period 2 Demand 240 160 160 140 200 120 What is the part-period method lot size of the order for the first period?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

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Given an ordering (setup) cost of $150, a per-period holding cost of $0.25 (per unit), and the following requirements schedule:
Period
1
3
4
6
Demand
240
160
160
140
200
120
What is the part-period method lot size of the order for the first period?

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