Economic Part Period= | Set Up cost /Inventory Holding cost | ||||||||||||
In the part | |||||||||||||
Set up cost-A | 200 | ||||||||||||
Holding cost-B | 2.5 | ||||||||||||
EPP VALUE(A/B) | 80 | ||||||||||||
Period | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
Net requirement | 20 | 40 | 40 | 70 | 30 | 10 | 80 | 50 | |||||
Opening Inventory | 40 | 40 | 20 | 20 | |||||||||
Net requirement-C | 20 | 40 | 70 | 30 | 10 | 80 | 50 | ||||||
Inventory carrying Period-D | 1 | 2 | 3 | ||||||||||
PP Value (C*D) | 80 | 210 | |||||||||||
Accumulated PP value | 80 | 290 | |||||||||||
Inventory carrying Period-D | 1 | 2 | 3 | 4 | |||||||||
PP Value(C*D) | 30 | 30 | 320 | ||||||||||
Accumulated PP value | 30 | 30 | 60 | 380 | |||||||||
Inventory carrying Period-D | 1 | 2 | |||||||||||
PP Value(C*D) | 100 | ||||||||||||
Accumulated PP value | 100 | ||||||||||||
Order Receipt | 60 | 110 | 80 | 50 | |||||||||
Period | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
Gross Requirement | 20 | 0 | 40 | 0 | 40 | 70 | 30 | 0 | 10 | 80 | 0 | 50 | |
On hand at Start | 40 | 40 | 20 | 20 | 40 | 40 | 40 | 10 | 10 | ||||
On hand at end | 20 | 20 | 40 | 40 | 40 | 10 | 10 | ||||||
Net requirement | 20 | 70 | 80 | 50 | |||||||||
Order Receipt | 60 | 110 | 80 | 50 | |||||||||
Order Release | 60 | 110 | 80 | 50 | |||||||||
Total Holding cost $ | 180 X @2.5 | 450 | ( based on hand Inventory at the end of period | ||||||||||
Total Set up cost $ | 4 X @200 | 800 | |||||||||||
Total Cost $ | 1250 |
Sigma Electronics produces telephone cameras for cell phone. The production manager would like to create an...
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