If demand for the next several weeks is as shown, with average demand equal to 266,...
If demand for the next several weeks is as shown, with average demand equal to 266, how many orders will be placed using the lot for lot technique
| Week | 1 | 2 | 3 | 4 | 5 |
| Demand | 240 | 280 | 250 | 290 | 270 |
A. 1
B. 2
C. 4
D. 5
Homework Answers
Using Lot for lot (L4L) technique; order is given for the exact quantity required in each period to fulfill the demand. This technique minimizes average inventory. As the demand is for 5 periods, so ordered will be placed and received 5 times.
| Week | 1 | 2 | 3 | 4 | 5 |
| Demand | 240 | 280 | 250 | 290 | 270 |
| Order Placed/received | 240 | 280 | 250 | 290 | 270 |
| Number of Orders | 5 |
Therefore correct answer is option D. 5
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