Develop optimal ordering schedule with relative quantities

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Reference no: EM131300583

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?

Reference no: EM131300583

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