The seasonal demand for a particular product is given below: Period 1, 2, 3 ,4 ,5, 6 Demand 300 ,450 ,100 ,450 ,450 ,100 The fixed parameters are: Fixed Cost $8 Unit Production Cost $1 Holding Cost $1.3 Calculate total ordering cost using the following three methods: i) Lot-for-Lot ii) Wagner-Whitin algorithm iii) Fixed order quantity
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The seasonal demand for a particular product is given below:
Period 1, 2, 3 ,4 ,5, 6
Demand 300 ,450 ,100 ,450 ,450 ,100
The fixed parameters are:
Fixed Cost $8
Unit Production Cost $1
Holding Cost $1.3
Calculate total ordering cost using the following three methods:
i) Lot-for-Lot
ii) Wagner-Whitin algorithm
iii) Fixed order quantity
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