FOQ rule, L4L rule, and POQ rule.
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Figure 15.35 (attached) shows a partially completed inventory record for the rear wheel subassembly.
a) Complete the last 3 rows of the record for an FOQ of 300 units
b) complete the last 3 rows of the record by using the L4L rule
c) Complete the last 3 rows by using the POQ rule,with p=4.
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Solution Summary
This solution is comprised of answer for the problem by using Fixed-order quantity (FOQ) rule, Lot for lot (L4L) rule, and Periodic order quantity (POQ) rule.
Solution Preview
Figure 15.35 shows a partially completed inventory record for the rear wheel subassembly.
a) Complete the last 3 rows of the record for an FOQ of 300 units
b) complete the last 3 rows of the record by using the L4L rule
c) Complete the last 3 rows by using the POQ rule,with p=4.
Projected on-hand
inventory balance at end of period t
= Inventory on hand at end of period t-1
+ Scheduled or planned receipts due ...
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