Assuming deterministic demand and no shortages

Assignment Help Operation Management

Reference no: EM132266930

John Farm Tractors store sells tractors throughout the year, but demand varies over time. Estimated sales for the next 12 months are 60, 12, 60, 15, 45, 50, 35, 60, 20, 15, 50, and 30. Orders are directly from the manufacturer at the beginning of every month and at a fixed ordering cost of $100,000, delivery is immediate. The tractors cost $30,000.00 per unit, and the inventory carrying cost rate is 20%. Assuming deterministic demand and no shortages, develop an ordering plan for this company using the Wagner-Whitin algorithm. Period (t) 1 2 3 4 5 6 7 8 9 10 11 12 Demand (Dt) 60 12 60 15 45 50 35 60 20 15 50 30 Unit Cost (ct) Order Cost (At) $100,000.00 $100,000.00 $100,000.00 $100,000.00 $100,000.00 $100,000.00 $100,000.00 $100,000.00 $100,000.00 $100,000.00 $100,000.00 $100,000.00 Holding Cost (ht)

Reference no: EM132266930

Questions Cloud

What strings do you see statically in the binary : PROG8300 - What strings do you see statically in the binary and What encoding routine is being used to obfuscate the domain name

Intentional discrimination by employer against an employee : Intentional discrimination by an employer against an employee is. Which of the following is true about Kiva.og per the Harvard Case Study?

Discuss overarching duties of health care governing board : Prevailing wisdom reinforces the fact that working in U.S. health care administration in the 21st Century requires knowledge of the various aspects of health.

Research supplier evaluation : Research supplier evaluation. When evaluating supplier's financial stability, what are some key indicators to consider? What are some other characteristics.

Assuming deterministic demand and no shortages : Assuming deterministic demand and no shortages, develop an ordering plan for this company using the Wagner-Whitin algorithm.

Describe the duties of each major head within organization : Provide a detailed summary of your hospital's organizational structure. Include a tabulated description of the levels of professionals within the organization.

Analyze ford motor companys cash flow : Analyze Ford Motor Company's cash flow from its 2012 Annual Report.Explain the purpose of a cash flow statement and how it reflects the firm's financial status.

What is raw material cost per product given production plan : What is the raw material cost per product given the production plan above? What is the labor cost per product given the production plan above?

What should be the main objectives for a multinational firm : What should be the main objectives for a multinational firm with regard to its compensation policies? If an expat was making $75,000 a year in the US.

User Account

All Pages