Assignment:
A manufacturer buys a certain part in varying quantities throughout the year. Ordering cost is $11 per order, and holding cost is $0.14 per unit per month. Given the following demand (net requir e ments) for the part for the next eight months, determine the order sizes and timing of purchase orders using the part-period method.
Month Demand (Units)
1. _
2. 80
3. 10
4. 30
5. _
6. 30
7. _
8. 30