Consider the following table resulting from lot sizing by the Wagner Whitin algorithm:
|
Month
|
Demand
|
Min. Cost
|
Order Period
|
|
1
|
69
|
85
|
1
|
|
2
|
29
|
114
|
1
|
|
3
|
36
|
186
|
1
|
|
4
|
61
|
277
|
3
|
|
5
|
61
|
348
|
4
|
|
6
|
26
|
400
|
4
|
|
7
|
34
|
469
|
5
|
|
8
|
67
|
555
|
8
|
|
9
|
45
|
600
|
8
|
|
10
|
67
|
710
|
10
|
|
11
|
79
|
789
|
10
|
|
12
|
56
|
864
|
11
|
(a) Develop the optimal ordering schedule with the relative quantities.
(b) What will the schedule be if your planning horizon was only six months?