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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: