A manufacturing system faces dynamic demand, which results in lumpy demand for a component in a product, which is as follows: Period Demand 1 30 2 20 3 50 4 10 5 0 6 40 7 8 60 30 9 25 Information from warehouse, there is an initial stock 60 components and the component safety stock is 10 units. Ordering cost of the component is IDR. 5000,- while the carrying cost is IDR. 150,- per unit per period. The unit purchase price is IDR. 7000,- and there is an offer from supplier a unit purchase price discount at IDR. 200,- if the order quantity is more than 100 units. Arrange a plan to order from the supplier using Part Period Balancing and Least Unit Cost method. Ordering lead time of the components is 1 period. Calculate the total cost of each method.
A manufacturing system faces dynamic demand, which results in lumpy demand for a component in a product, which is as follows: Period Demand 1 30 2 20 3 50 4 10 5 0 6 40 7 8 60 30 9 25 Information from warehouse, there is an initial stock 60 components and the component safety stock is 10 units. Ordering cost of the component is IDR. 5000,- while the carrying cost is IDR. 150,- per unit per period. The unit purchase price is IDR. 7000,- and there is an offer from supplier a unit purchase price discount at IDR. 200,- if the order quantity is more than 100 units. Arrange a plan to order from the supplier using Part Period Balancing and Least Unit Cost method. Ordering lead time of the components is 1 period. Calculate the total cost of each method.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
Arrange a plan to order from the supplier using Part Period
Balancing and Least Unit Cost method. Ordering lead time of the components is 1 period.
Then Calculate the total cost of each method.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,