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  • CH 11 Wagner Whitin

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    Oscar Mena
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    This document summarizes the results of a Wagner-Whitin dynamic programming inventory model with 4 periods. It shows the holding costs, ordering costs, demand for each period, and calculates the optimal order quantities and costs for each period that minimize total costs. The optimum solution has no order in period 1, an order of 26 in period 2, 116 in period 3, and 183 in period 4, with decreasing ending inventory levels and total costs at each stage.

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    This document summarizes the results of a Wagner-Whitin dynamic programming inventory model with 4 periods. It shows the holding costs, ordering costs, demand for each period, and calculates the optimal order quantities and costs for each period that minimize total costs. The optimum solution has no order in period 1, an order of 26 in period 2, 116 in period 3, and 183 in period 4, with decreasing ending inventory levels and total costs at each stage.

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    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
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    28 views2 pages

    CH 11 Wagner Whitin

    Uploaded by

    Oscar Mena
    This document summarizes the results of a Wagner-Whitin dynamic programming inventory model with 4 periods. It shows the holding costs, ordering costs, demand for each period, and calculates the optimal order quantities and costs for each period that minimize total costs. The optimum solution has no order in period 1, an order of 26 in period 2, 116 in period 3, and 183 in period 4, with decreasing ending inventory levels and total costs at each stage.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
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    of 2

    Wagner-Whitin (Forward) Dynamic Programming Inventory Model

    Number of periods, N= 4 Current period= 1 <<Maximum N = 10


    I Period 1 2 3 4
    N c(1 to 4) = 2 2 2 2
    P K(1 to 4) = 98 114 185 70
    U h(1 to 4) = 1 1 1 3
    T D(1 to 4) = 61 26 90 67
    Are z1 values correct? yes yes yes yes
    Period 0 z1= 61 87 177 244
    4 f0 C1(z1)= 220 272 452 586
    S x2= 0 220 111111111111111111111
    T x2= 26 1111111 298 11111111111111
    A x2= 116 11111111111111 568 1111111
    G x2= 183 111111111111111111111 769
    E

    C
    O
    M
    P
    U
    T
    A
    T
    I
    O
    N
    S

    61 87 177 244
    gramming Inventory Model

    Optimum Solution
    Summary
    x f z x f z
    Current period 1
    optimum 0 220 61
    Period 1 26 298 87
    f1 z1 116 568 177
    220 61 183 769 244
    298 87
    568 177
    769 244

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