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You work as a planner in the supply chain department for AFIA co. Given the monthly gross requirements for one of the items (Carton). Your job is to develop an ordering plan and costs for: a) Lot-for-lot. b) ЕOQ. c) Which plan should we select ? Calculate the total cost of each plan. Please use the following information : Holding Cost per month = $ 0.75 Set Up Cost = $ 150 Lead time = 0 Master Production Schedule : Month 1 3 4 7 Gross requireme 100 150 200 150 100 150 250 nts Attach your solutions (Answer the total cost of EOQ plan in field)

You work as a planner in the supply chain department for AFIA co. Given the monthly gross requirements for one of the items (Carton). Your job is to develop an ordering plan and costs for: a) Lot-for-lot. b) ЕOQ. c) Which plan should we select ? Calculate the total cost of each plan. Please use the following information : Holding Cost per month = $ 0.75 Set Up Cost = $ 150 Lead time = 0 Master Production Schedule : Month 1 3 4 7 Gross requireme 100 150 200 150 100 150 250 nts Attach your solutions (Answer the total cost of EOQ plan in field)

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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You work as a planner in the supply chain department for AFIA co. Given the monthly gross requirements for one of the items (Carton). Your job is to develop an ordering plan and costs for: a) Lot-for-lot. b) EOQ. c) Which plan should we select ? Calculate the total cost of each plan. Please use the following information : Holding Cost per month = $ 0.75 Set Up Cost = $ 150 Lead time = 0 Master Production Schedule : Month 1 2 4 5 6. Gross requireme 100 150 200 150 100 150 250 nts Attach your solutions (Answer the total cost of EOQ plan in field)
Transcribed Image Text:You work as a planner in the supply chain department for AFIA co. Given the monthly gross requirements for one of the items (Carton). Your job is to develop an ordering plan and costs for: a) Lot-for-lot. b) EOQ. c) Which plan should we select ? Calculate the total cost of each plan. Please use the following information : Holding Cost per month = $ 0.75 Set Up Cost = $ 150 Lead time = 0 Master Production Schedule : Month 1 2 4 5 6. Gross requireme 100 150 200 150 100 150 250 nts Attach your solutions (Answer the total cost of EOQ plan in field)
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