A certain company uses the Lot-for Lot run size for its production. The company has a holding cost of 3% per week on unsold inventory. Setup costs for a production run are $24.36. Consider the following MRP table: Find letter l in the table and calculate the value that should be there
Homework Answers
For Lot for lot run size, the production will be done such that it meets the net requirements for each period and there is zero ending inventory for each period.
Hence, holding cost will 0 considering there will be zero ending inventory for each period.
So, the value of l (i.e. holding cost for period 2) should be "0"
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