Problems & Solutions in Inventory Management by Dinesh Shenoy & Roberto Rosas

Author:Dinesh Shenoy & Roberto Rosas
Language: eng
Format: epub
Publisher: Springer International Publishing, Cham

Option 5

Order to cover demand for April in best possible way; order for May and June, in May

$427.25 (Iteration 4)

(132 × 1.75) = $231.0

$80

$738.25

Option 6

Order to cover demand for April in best possible way; order for June, in June

$541.4 (Iteration 5)

(37.5 × 1.75) = $65.63

$80

$687.00

Decision: From Table 5.14, we can see that it is optimal to use Option 6, which is to place an order to cover the demand for June, in June. The solution summary to this lot-sizing problem based on the Wagner-Whitin method is as shown in Table 5.15.Table 5.15Wagner-Whitin solution summary

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