lOMoARcPSD| 58605085
Internaonal University, HCMC School of IEM – LSCM Program
Student Full name:
Student ID:
INVENTORY MANAGEMENT
HOMEWORK 2
Problem 1:
Consider a company facing a demand pattern and costs as follows:
Month
Sequential Number
Requirements (units)
January
1
20
February
2
40
March
3
110
April
4
120
May
5
60
June
6
30
July
7
20
August
8
30
September
9
80
October
10
120
November
11
130
December
12
40
Total
800
A
$25.00
r (per
month)
0.05$/$ (carrying costs are very high in this industry)
v
$4.00
a. Construct a replenishment schedule and calculate the associated costs
using the Lot for Lot method.
b. Repeat using the Fixed Economic Order Quantity method.
c. Repeat using the Periodic Order Quantity method.
d. Repeat using the Wagner–Whitin Algorithm.
e. Repeat using the Silver–Meal heuristic.
f. Repeat using the LUC method.
g. Repeat using the PPB method.
Note: Students are required to solve this problem step-by-step similar to the
lecture note.
Problem 2:
Consider a company facing a demand pattern and costs as follows:
A
lOMoARcPSD| 58605085
Internaonal University, HCMC School of IEM – LSCM Program
Student Full name:
Student ID:
r (per
month)
v
Month
Requirements (units)
January
350
February
200
March
0
April
150
May
500
June
600
July
450
August
350
September
200
October
0
November
150
December
200
3,150
Construct a replenishment schedule and calculate the associated costs using the
Network method.
lOMoARcPSD| 58605085
Internaonal University, HCMC School of IEM – LSCM Program
Student Full name:
Student ID:
lOMoARcPSD| 58605085
Internaonal University, HCMC School of IEM – LSCM Program
Student Full name:
Student ID:
- Ordering 18 paerns on
January - Ordering 54
paerns on February
lOMoARcPSD| 58605085
Internaonal University, HCMC School of IEM – LSCM Program
Student Full name:
Student ID:
- Ordering 280
paerns on April - Ordering
146 paerns on October -
Ordering 18 paerns on
January
- Ordering 54 paerns on
February - Ordering 280
paerns on April - Ordering
146 paerns on October
lOMoARcPSD| 58605085
Internaonal University, HCMC School of IEM – LSCM Program
Student Full name:
Student ID:
lOMoARcPSD| 58605085
Internaonal University, HCMC School of IEM – LSCM Program
Student Full name:
Student ID:
lOMoARcPSD| 58605085
Internaonal University, HCMC School of IEM – LSCM Program
Student Full name:
Student ID:
lOMoARcPSD| 58605085
Internaonal University, HCMC School of IEM – LSCM Program
Student Full name:
Student ID:
lOMoARcPSD| 58605085
Internaonal University, HCMC School of IEM – LSCM Program
Student Full name:
Student ID:

Preview text:

lOMoAR cPSD| 58605085
International University, HCMC
School of IEM – LSCM Program Student Full name: Student ID: INVENTORY MANAGEMENT HOMEWORK 2 Problem 1:
Consider a company facing a demand pattern and costs as follows: Month Sequential Number Requirements (units) January 1 20 February 2 40 March 3 110 April 4 120 May 5 60 June 6 30 July 7 20 August 8 30 September 9 80 October 10 120 November 11 130 December 12 40 Total 800 A $25.00 r (per
0.05$/$ (carrying costs are very high in this industry) month) v $4.00
a. Construct a replenishment schedule and calculate the associated costs using the Lot for Lot method.
b. Repeat using the Fixed Economic Order Quantity method.
c. Repeat using the Periodic Order Quantity method.
d. Repeat using the Wagner–Whitin Algorithm.
e. Repeat using the Silver–Meal heuristic.
f. Repeat using the LUC method.
g. Repeat using the PPB method.
Note: Students are required to solve this problem step-by-step similar to the lecture note. Problem 2:
Consider a company facing a demand pattern and costs as follows: A $50.00 lOMoAR cPSD| 58605085
International University, HCMC
School of IEM – LSCM Program Student Full name: Student ID: r (per 1.05$/$ month) v $65.00 Month
Sequential Number Requirements (units) January 1 350 February 2 200 March 3 0 April 4 150 May 5 500 June 6 600 July 7 450 August 8 350 September 9 200 October 10 0 November 11 150 December 12 200 Total 3,150
Construct a replenishment schedule and calculate the associated costs using the Network method. lOMoAR cPSD| 58605085
International University, HCMC
School of IEM – LSCM Program Student Full name: Student ID: lOMoAR cPSD| 58605085
International University, HCMC
School of IEM – LSCM Program Student Full name: Student ID: - Ordering 18 patterns on January - Ordering 54 patterns on February lOMoAR cPSD| 58605085
International University, HCMC
School of IEM – LSCM Program Student Full name: Student ID: - Ordering 280 patterns on April - Ordering 146 patterns on October - Ordering 18 patterns on January - Ordering 54 patterns on February - Ordering 280 patterns on April - Ordering 146 patterns on October lOMoAR cPSD| 58605085
International University, HCMC
School of IEM – LSCM Program Student Full name: Student ID: lOMoAR cPSD| 58605085
International University, HCMC
School of IEM – LSCM Program Student Full name: Student ID: lOMoAR cPSD| 58605085
International University, HCMC
School of IEM – LSCM Program Student Full name: Student ID: lOMoAR cPSD| 58605085
International University, HCMC
School of IEM – LSCM Program Student Full name: Student ID: lOMoAR cPSD| 58605085
International University, HCMC
School of IEM – LSCM Program Student Full name: Student ID: