Question

Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period

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Answer #1
Item    Period 1 2 3 4 5 6 7 8 9 10 11 12
Gross requirements 30 0 40 0 30 70 30 0 20 70 0 50
Projected on hand at beginning 40 40 10 10 0 0 0 0 0 0 0 0 0
Projected on hand at end of period 10 10 0 0 0 0 0 0 0 0 0 0
Net requirements 0 0 30 0 30 70 30 0 20 70 0 50
Planned order receipts 0 30 0 30 70 30 0 20 70 0 50
Planned order release 0 30 0 30 70 30 0 20 70 0 50 0

Number of set ups = 7

set up cost =150x7 =1050

AVg inventory =40

Inventory cost =3.5 x40 = 140

Total cost = 1190

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