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    Yolo Phong
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    This document provides the details for Homework 2 of an inventory management course. It includes a demand pattern over 12 months totaling 800 units and per unit procurement and holding costs. Students are asked to construct replenishment schedules and calculate costs using 4 different inventory models: Lot for Lot, Fixed Economic Order Quantity, Periodic Order Quantity, and Wagner-Whitin Algorithm. They must show the step-by-step work for the Wagner-Whitin Algorithm.

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    INVEN-HW2

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    This document provides the details for Homework 2 of an inventory management course. It includes a demand pattern over 12 months totaling 800 units and per unit procurement and holding costs. Students are asked to construct replenishment schedules and calculate costs using 4 different inventory models: Lot for Lot, Fixed Economic Order Quantity, Periodic Order Quantity, and Wagner-Whitin Algorithm. They must show the step-by-step work for the Wagner-Whitin Algorithm.

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    © All Rights Reserved
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    5 views1 page

    Inven HW2

    Uploaded by

    Yolo Phong
    This document provides the details for Homework 2 of an inventory management course. It includes a demand pattern over 12 months totaling 800 units and per unit procurement and holding costs. Students are asked to construct replenishment schedules and calculate costs using 4 different inventory models: Lot for Lot, Fixed Economic Order Quantity, Periodic Order Quantity, and Wagner-Whitin Algorithm. They must show the step-by-step work for the Wagner-Whitin Algorithm.

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    © All Rights Reserved
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    of 1

    INVENTORY MANAGEMENT – SEMESTER 01 – 2022-2023

    HOMEWORK 2

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


    Sequential Requirements
    Month Number (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

    At $25.00
    ht $ 0.20

    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. (Note: Students are required to solve this
    problem step-by-step similar to the lecture note.)

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