Determine the optimal order quantity for methods


Assignment:

Consider the following table of net requirements.

Period

1

2

3

4

5

6

7

8

9

10

11

12

Net Requirement

20

63

12

125

154

129

54

52

124

160

247

41

Determine the optimal order quantity for the following the methods and compare your results. (Setup 10 12 cost $60, holding cost-$0.6/unit/period)

Submit your answers in an excel file on Blackboard.

a. Part Period Balancing (PPB)

b. Wagner-Whitin Algorithm (WW)

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Operation Management: Determine the optimal order quantity for methods
Reference No:- TGS03031811

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