Unformatted text preview: M G M T 36100: HW 03 2010 40 Points D ue: M a rch 1, 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 + 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. 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 Demand Q Inventory 0 1 30 2 50 3 120 4 0 5 40 6 60 7 70 8 65 9 80 10 70 11 60 12 50 78b0fef502734d7ede12e89b999d7188631b9d48 Page 1 ...
View
Full
Document
This note was uploaded on 12/14/2010 for the course MGMT 361 taught by Professor Panwalker during the Spring '10 term at Purdue.
 Spring '10
 panwalker
 Management

Click to edit the document details