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    Homework 1

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    Hiền Trang Lê Thiên
    This document provides instructions for Homework 1 from Chapter 2 of an Inventory Management class. Students are asked to: 1) Input data from a problem statement into Excel and observe how changing certain parameters affects the optimal ordering policy. Specifically, they should increase demand by 4 times, decrease holding costs by 4 times, and decrease ordering costs by 4 times. 2) Explain their observations from changing the parameters in a Word document. They are to submit their work by the deadline of the next class day.

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    Homework 1

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    Hiền Trang Lê Thiên
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    This document provides instructions for Homework 1 from Chapter 2 of an Inventory Management class. Students are asked to: 1) Input data from a problem statement into Excel and observe how changing certain parameters affects the optimal ordering policy. Specifically, they should increase demand by 4 times, decrease holding costs by 4 times, and decrease ordering costs by 4 times. 2) Explain their observations from changing the parameters in a Word document. They are to submit their work by the deadline of the next class day.

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    This document provides instructions for Homework 1 from Chapter 2 of an Inventory Management class. Students are asked to: 1) Input data from a problem statement into Excel and observe how changing certain parameters affects the optimal ordering policy. Specifically, they should increase demand by 4 times, decrease holding costs by 4 times, and decrease ordering costs by 4 times. 2) Explain their observations from changing the parameters in a Word document. They are to submit their work by the deadline of the next class day.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    11 views1 page

    Homework 1

    Uploaded by

    Hiền Trang Lê Thiên
    This document provides instructions for Homework 1 from Chapter 2 of an Inventory Management class. Students are asked to: 1) Input data from a problem statement into Excel and observe how changing certain parameters affects the optimal ordering policy. Specifically, they should increase demand by 4 times, decrease holding costs by 4 times, and decrease ordering costs by 4 times. 2) Explain their observations from changing the parameters in a Word document. They are to submit their work by the deadline of the next class day.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    of 1

    School of Industrial Engineering & Management (IEM) Inventory Management

    International University, VNU-HCM Instructor: Dr. Nguyen Van Hop

    Homework 1_Chapter 2
    Deadline: Class day next week

    I. Problem statement in chapter 2:


    - Assumption: Constant demand
    - Given: Holding (carrying costs), ordering/setup costs, Purchasing costs
    - Find: Optimal ordering policy (Order quantity)

    II. Homework 2:
    Problem 1: Input data of AAC in excel and try to change the following parameters, Observe
    the results and explain:
    a. Value of Demand to increase 4 times
    b. Value of Holding Cost to reduce 4 times
    c. Value of Ordering Cost to reduce 4 times
    (Show your answer in .doc file)

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