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    Answer Assignment Problem14

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    khoikinkin2004
    The document contains inventory planning problems and solutions. Problem 1 involves calculating the economic order quantity (EOQ) and developing a lot-sizing plan. Problem 2 clubs demands into periods equal to the time between orders and develops an alternative lot-sizing plan. The lot-for-lot policy has the lowest total cost of $800.

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    Answer Assignment Problem14

    Uploaded by

    khoikinkin2004
    1 views8 pages
    The document contains inventory planning problems and solutions. Problem 1 involves calculating the economic order quantity (EOQ) and developing a lot-sizing plan. Problem 2 clubs demands into periods equal to the time between orders and develops an alternative lot-sizing plan. The lot-for-lot policy has the lowest total cost of $800.

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    The document contains inventory planning problems and solutions. Problem 1 involves calculating the economic order quantity (EOQ) and developing a lot-sizing plan. Problem 2 clubs demands into periods equal to the time between orders and develops an alternative lot-sizing plan. The lot-for-lot policy has the lowest total cost of $800.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    1 views8 pages

    Answer Assignment Problem14

    Uploaded by

    khoikinkin2004
    The document contains inventory planning problems and solutions. Problem 1 involves calculating the economic order quantity (EOQ) and developing a lot-sizing plan. Problem 2 clubs demands into periods equal to the time between orders and develops an alternative lot-sizing plan. The lot-for-lot policy has the lowest total cost of $800.

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    © All Rights Reserved
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    of 8

    Problem14.

    12

    a,

    b)

    LEVEL 1 Period in Weeks

    Item ID: B 1 2 3 4 5 6 7 8

    Lot Size:L4L Gross Requirements 0 0 0 0 0 0 200 0

    Scheduled Receipts 0 0 0 0 0 0 0 0

    Lead Time:2 On Hand 100 100 100 100 100 100 100 100 0

    Net Requirements 0 0 0 0 0 0 100 0

    Safety Planned Order


    0 0 0 0 0 0 100 0
    Stock:0 Receipts

    Planned Order 0 0 0 0 100 0 100 0


    Releases

    Period in Weeks

    Item ID: C 1 2 3 4 5 6 7 8

    Lot Size:L4L Gross Requirements 0 0 0 0 0 0 200 200

    Scheduled Receipts 0 0 0 0 0 0 0 0

    Lead Time:2 On Hand 50 50 50 50 50 50 50 50 0

    Net Requirements 0 0 0 0 0 0 150 200

    Safety Planned Order


    0 0 0 0 0 0 150 200
    Stock:0 Receipts

    Planned Order
    0 0 0 0 150 200 100 100
    Releases

    Period in Weeks

    Item ID: J 1 2 3 4 5 6 7 8

    Lot Size:L4L Gross Requirements 0 0 0 0 0 0 0 100

    Scheduled Receipts 0 0 0 0 0 0 0 0

    Lead Time:2 On Hand 100 100 100 100 100 100 100 100 100

    Net Requirements 0 0 0 0 0 0 0 0

    Safety Planned Order


    0 0 0 0 0 0 0 0
    Stock:0 Receipts
    Planned Order
    0 0 0 0 0 0 0 50
    Releases

    Period in Weeks

    Item ID: K 1 2 3 4 5 6 7 8

    Lot Size:L4L Gross Requirements 0 0 0 0 0 0 0 100

    Scheduled Receipts 0 0 0 0 0 0 0 0

    Lead Time:2 On Hand 100 100 100 100 100 100 100 100 100

    Net Requirements 0 0 0 0 0 0 0 0

    Safety Planned Order


    0 0 0 0 0 0 0 0
    Stock:0 Receipts

    Planned Order
    0 0 0 0 0 0 0 50
    Releases

    LEVEL 2 Period in Weeks

    Item ID: D 1 2 3 4 5 6 7 8

    Lot Size:L4L Gross Requirements 0 0 0 0 100 0 100 0

    Scheduled Receipts 0 0 0 0 0 0 0 0

    Lead Time:1 On Hand 50 50 50 50 50 50 50 50 0

    Net Requirements 0 0 0 0 100 0 50 0

    Safety Stock:0 Planned Order Receipts 0 0 0 0 100 0 50 0

    Planned Order 0 0 0 100 0 50 0 30


    Releases

    Period in Weeks

    Item ID: E 1 2 3 4 5 6 7 8

    Lot Size:L4L Gross Requirements 0 0 0 0 100 0 100 10

    Scheduled Receipts 0 0 0 0 0 0 0 0

    Lead Time:2 On Hand 75 75 75 75 75 75 75 75 -25

    Net Requirements 0 0 0 0 100 0 0 12

    Safety Stock:0 Planned Order Receipts 0 0 0 0 100 0 0 12

    Planned Order
    0 0 100 0 0 125 300 0
    Releases

    Period in Weeks

    Item ID: F 1 2 3 4 5 6 7 8

    Lot Size:L4L Gross Requirements 0 0 0 0 300 400 200 30

    Scheduled Receipts 0 0 0 0 0 0 0 0

    Lead Time:2 On Hand 75 75 75 75 75 75 0 0 0

    Net Requirements 0 0 0 0 225 400 0 30

    Safety Stock:0 Planned Order Receipts 0 0 0 0 225 400 0 30

    Planned Order 0 0 225 400 0 300 600 0


    Releases

    Period in Weeks

    Item ID: G 1 2 3 4 5 6 7 8

    Lot Size:L4L Gross Requirements 0 0 0 0 150 200 100 15

    Scheduled Receipts 0 0 0 0 0 0 0 0

    Lead Time:1 On Hand 75 75 75 75 75 75 0 0 0

    Net Requirements 0 0 0 0 75 200 100 15

    Safety Stock:0 Planned Order Receipts 0 0 0 0 75 200 100 15

    Planned Order
    0 0 0 75 200 100 150 30
    Releases

    Problem14.26

    1.

    Period 1 2 3 4 5 6 7 8 9 Total

    Demand 0 15 0 20 0 10 0 0 25

    Planned receipt 0 15 0 20 0 10 0 0 25

    Planned release 15 0 20 0 10 0 0 25 0

    Beginning Inv. 0 0 0 0 0 0 0 0 0
    Ending Inv. 0 0 0 0 0 0 0 0 0

    $20
    Setup cost $200 $0 $200 $0 $0 $0 $200 $0 $800
    0

    Carrying cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

    Stockout cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

    $800

    2.

    Average weekly demand (D) = (0+15+0+20+0+10+0+0+25)/9 = 7.778

    Holding cost per item per week (H) = $10

    Setup cost (S) = $200

    EOQ = (2.D.S/H)1/2 = SQRT(2*7.778*200/10) = 17.64 or 18 (rounded off)

    Period 1 2 3 4 5 6 7 8 9 Total

    Demand 0 15 0 20 0 10 0 0 25

    Planned receipt 0 18 0 18 0 18 0 0 18

    Planned
    18 0 18 0 18 0 0 18 0
    release

    Beginning Inv. 0 0 3 3 1 1 9 9 9

    Ending Inv. 0 3 3 1 1 9 9 9 2

    Setup cost $200 $0 $200 $0 $200 $0 $0 $200 $0 $800


    $9
    Carrying cost $0 $30 $30 $10 $10 $90 $90 $20 $370
    0

    Stockout cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

    $1,170

    (c)

    Time between orders (TBO) = EOQ/D = 17.64 / 7.778 = 2.26 or 2 (rounded


    off). So, club the demands for the two

    periods starting from period 2.

    Period 1 2 3 4 5 6 7 8 9 Total

    Demand 0 15 0 20 0 10 0 0 25

    Planned receipt 0 15 0 20 0 10 0 25 0

    Planned release 15 0 20 0 10 0 25 0 0

    Beginning Inv. 0 0 0 0 0 0 0 0 25

    Ending Inv. 0 0 0 0 0 0 0 25 0

    Setup cost $200 $0 $200 $0 $200 $0 $200 $0 $0 $800

    Carrying cost $0 $0 $0 $0 $0 $0 $0 $250 $0 $250

    Stockout cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

    $1,050

    (d)

    Lot-for-lot is the lowest cost plan with total cost = $800.

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