QUESTION 6 A steel part is ordered form an outside supplier the demand for the next 4 weeks is 12, 15, 10, and 25. Current inventory is 6, and ending inventory should be 5. Assume h= $2 per week and k=60. Detemine the order policy and total cost for this item based on Silver-Meal. Order Policy: Cost:

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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QUESTION 6
A steel part is ordered form an outside supplier the demand for the next 4 weeks is 12, 15, 10, and 25. Current inventory is 6, and ending inventory should be 5. Assume h= $2 per
week and k=60. Detemine the order policy and total cost for this item based on Silver-Meal.
Order Policy:
Cost:
Transcribed Image Text:QUESTION 6 A steel part is ordered form an outside supplier the demand for the next 4 weeks is 12, 15, 10, and 25. Current inventory is 6, and ending inventory should be 5. Assume h= $2 per week and k=60. Detemine the order policy and total cost for this item based on Silver-Meal. Order Policy: Cost:
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