Scribd
Upload
52 views2 pages

Inventory Management Homework Solutions

The document provides two inventory management problems to solve using various inventory replenishment methods. Problem 1 provides monthly demand data over a 12 month period totaling 800 units and asks to construct replenishment schedules using lot-for-lot, EOQ, POQ, Wagner-Whitin, Silver-Meal, LUC, and PPB methods. Problem 2 provides similar demand data over 12 months totaling 3,150 units and asks to use only the network method to construct a replenishment schedule. Students are asked to show step-by-step work similar to the lecture notes.

Uploaded by

Ngọc Đào
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
52 views2 pages

Inventory Management Homework Solutions

The document provides two inventory management problems to solve using various inventory replenishment methods. Problem 1 provides monthly demand data over a 12 month period totaling 800 units and asks to construct replenishment schedules using lot-for-lot, EOQ, POQ, Wagner-Whitin, Silver-Meal, LUC, and PPB methods. Problem 2 provides similar demand data over 12 months totaling 3,150 units and asks to use only the network method to construct a replenishment schedule. Students are asked to show step-by-step work similar to the lecture notes.

Uploaded by

Ngọc Đào
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

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 $25.00
r (per month) 0.05$/$ (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.
International University, HCMC School of IEM – LSCM Program
Student Full name:
Student ID:

Problem 2:
Consider a company facing a demand pattern and costs as follows:

A $50.00
r (per
1.05$/$
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.

You might also like