HW03-Sp10 - per order as the fixed ordering cost Question...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
HW03-Sp10.docx Page 1 MGMT 36100: HW 03 40 Points Due: March 1, 2010 Show your calculations Submit one copy per group. Neatness is expected. Problems numbers below refer to the problems at the end of Inventory Management and Scheduling chapter. Question 1: (12 points – 4, 4, and 4) - Solve problem 8 as follows: Part a: See the textbook; however round off the optimal lot size to the nearest multiple of 100 before answering the question. Part b: See the textbook. Part c: Do not solve part C from the textbook. Instead, draw the graph of annual cost for holding, ordering and AIC (for lot size between 1000 and 8000 in the increment of 1000). Use EXCEL to do the plotting and use $50
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: per order as the fixed ordering cost. Question 2: (8 points – 2 + 2 + 2 + 2) - Solve problem 11 parts a, b, c, d. Question 3: (10 points) - Solve problem 17. Question 4: (10 points – 2, 4, and 4) Demand for 12 periods for a product is shown in the table below. Calculate the order quantities for the following three cases using separate copies of the table. (a) L4L. Initial inventory 110, SS = 10 (b) FOQ 60 policy. Initial inventory 100, SS = 30 (c) POQ 3 policy. Initial inventory 65, SS = 25 Period 0 1 2 3 4 5 6 7 8 9 10 11 12 Demand 30 50 120 0 40 60 70 65 80 70 60 50 Q Inventory...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern