Develop an ordering plan and costs for lot-for-lot

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Reference no: EM131359567

Problem -

M. de Koster, of Rene Enterprises, has the master production plan shown below:

Period (weeks)	1	2	3	4	5	6	7	8	9
Gross requirement		15		20		10			25

Lead time = 1 period; setup cost = $200; holding cost = $10 per week; stock out cost = $10 per week. Your job is to develop an ordering plan and costs for:

a) Lot-for-lot.

b) EOQ.

c) POQ.

d) Which plan has the lowest cost?

Reference no: EM131359567

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