EOQ based ordering and lot sizing based ordering

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Reference no: EM132255803

1. Part A - You have the following requirements (10, 22, 40,10,20, 100). The setup cost is 200 and the holding cost is $1 per period. Compute the production schedule using least unit cost, lot for lot, and Silver Meal heuristics.

Part B - What is the primary difference between EOQ based ordering and lot sizing based ordering (Least Unit Cost)?

2. Part A – You have 3 parts in series. The reliability of the parts over 3 years is .95, .99, and .97. What is the system reliability?

Part B- 1. Why would experimental data for reliability testing be censored? How can you analyze censored data (two methods)?

Reference no: EM132255803

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