HW03-Sp10

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

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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
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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...
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