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  • Period T 1 2 3 4 5 6

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    Oscar Mena
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    This document presents a silver-meal heuristic inventory model to determine the optimal inventory policy over 6 periods. It provides the input data including the number of periods, setup costs, holding costs, and demand for each period. The model then calculates the cumulative demand, cumulative holding costs, total costs, and total unit costs for each period to determine the optimum solution with the lowest total cost.

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    ch11SilverMealHeuristic.xls

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    This document presents a silver-meal heuristic inventory model to determine the optimal inventory policy over 6 periods. It provides the input data including the number of periods, setup costs, holding costs, and demand for each period. The model then calculates the cumulative demand, cumulative holding costs, total costs, and total unit costs for each period to determine the optimum solution with the lowest total cost.

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    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
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    10 views4 pages

    Period T 1 2 3 4 5 6

    Uploaded by

    Oscar Mena
    This document presents a silver-meal heuristic inventory model to determine the optimal inventory policy over 6 periods. It provides the input data including the number of periods, setup costs, holding costs, and demand for each period. The model then calculates the cumulative demand, cumulative holding costs, total costs, and total unit costs for each period to determine the optimum solution with the lowest total cost.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    Silver-Meal Heuristic Inventory Model

    Input data:
    Number of periods, N = 6 <<Maximum 14 periods
    Period t= 1 2 3 4 5 6
    Setup cost, Kt = 20 17 10 18 5 50
    Holding cost, ht = 1 1 1 3 1 1
    Demand, Dt = 10 15 7 20 13 25

    Model calculations:
    Start Iteration at Period Period Dt D t h t TC TCU
    ory Model

    Optimum solution (Total cost = $0.00):

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