2. The Thrifty Computer Company is trying to decide which of several lot-sizingprocedures to use for its MRP system. The following information pertains to one of thetypical component parts:Setup cost = $110/order.Inventory holding cost = $1.30/unit/week.Current inventory balance = 0 units. X-39Week12 3 45 6 7 8Demand Forecast 2X 50 X 110 3X 25 85 Xa. Apply the EOQ procedure, (only integer multiples of the EOQ can be ordered)Apply the POQ procedure,b.c. Apply the PPB lot-sizing procedure,d.Show the total cost resulting from each procedure.Calculate inventory carrying cost based on the average inventory on hand at the endof each period. Assume orders are received into the beginning inventory.

a. EOQ Procedure: Given: Setup cost per order = $110 Holding cost per unit per week =…

Answered: a. Apply the EOQ procedure, (only…

a. Apply the EOQ procedure, (only integer multiples of the EOQ can be ordered) b. Apply the POQ procedure, c. Apply the PPB lot-sizing procedure, d. Show the total cost resulting from each procedure.

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter6: Linear Systems

Section6.8: Linear Programming

Problem 5SC: If during the following year it is predicted that each comedy skit will generate 30 thousand and...

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