A. From the following forecast determine the monthly inventory balances required to follow a plan of letting the inventory absorb all fluctuations in demand. In this case, we have a constant work force, no idle time or overtime, no back orders, no use of subcontractors, and no capacity adjustment. Assume that the firm does not use safety stock or cushion inventory to meet the demand. Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Forecasted demand 90 220 210 400 612 700 378 220 200 110 100 260 Production 22 18 21 20 22 20 21 22 202 25 19 20 days
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- A Pizza Company has a demand forecast for the next 12 months that is shown in Table 1 The current workforce of 100 staff can produce 1500 cases of pizzas per month. (a) Prepare a production plan that keeps the output level. How much warehouse space would the company need for this plan? (b) Prepare a demand chase plan. What implications would this have for staffing levels, assuming that the maximum amount of overtime would result in production levels of only 10 per cent greater than normal working hours? Table 1 demand forecast Month Demand (cases per month) January 600 February 800 March 1000 April 1500 May 2000 June 1700 July…Given the following forecast and steady regular output of 550 every month, what total cost would result if overtime is limited to a maximum of 40 units a month, and subcontracting is limited to a maximum of 10 units a month? Unit costs are: Regular output $20 Overtime $30 Subcontract $25 Average Inventory $10 Backlog $18 Month 1 2 3 4 5 6 Forecast 540 540 570 590 650 680Southeast Soda Pop, Inc., has a new fruit drink for which it has high hopes. John Mittenthal, the production planner, has assembled the following cost data and demand forecast: demand forecast. Quarter Forecast 1 1,900 2 1,200 3 1,600 4 800 Costs/Other Data Previous quarter's output=1,200 cases Beginning inventory=0 cases Stockout cost of backorders=$160 per case Inventory holding cost=$40 per case at end of quarter Hiring employees=$35 per case Terminating employees=$80 per case Subcontracting cost=$65 per case Unit cost on regular time=$30 per case Overtime cost=$20 extra per case Capacity on regular time=1,900 cases per quarter John's job is to develop an aggregate plan. The three initial options he wants to evaluate are: • Plan A: a strategy that hires and fires personnel as necessary to meet the forecast. • Plan B: a level strategy. • Plan C: a level strategy that…
- The planner at a company that makes garden tractors is about to prepare an aggregate production plan that will cover the next 6 months. She has collected the following information: Month Demand Forecast Above the available capacity through permanent workforce 1 1,000 2 1,000 3 2,000 4 3,000 5 4,000 6 1,000 Total: 12,000 Production per month = 20 units per worker Initial inventory = 500 units Desired ending inventory (at the end of month 6) = 0 units Cost: Hire cost = $500 per temporary worker Inventory = $10 per tractor per month Backorder = $150 per tractor per month The optimum aggregate plan is: Month 1 2 3 4 5 6 Total Forecast Demand above regular capacity 1,000 1,000 2,000 3,000 4,000 1,000 12,000 # of temporary workers required 50 50 100 150 200 50 Temp. Workers hired 25 25 50 75 0 0 Temp. workers laid off 0…Adelie Enterprises is exploring a new service to provideweekly delivery of grocery items to homes in the greaterGreenwood area. The company’s customers place Web-basedorders and Adelie’s team assembles and delivers the orders inspecially designed cardboard boxes. Management, interestedin locating a supplier that can provide boxes cheaply and efficiently, has discovered that each potential supplier’s abil-ity to satisfy the company’s requirements is influenced by thelevel of demand. The following table provides Adelie’s ven-dor selection criteria, criterion weights, and rankings (1–10with 10 being the highest) under the assumption that low,moderate, or high demand is generated for their service. a. Which supplier should be selected if there is low demandfor Adelie’s new service? Which supplier should beselected under moderate demand assumptions? Underhigh demand assumptions?b. Which supplier is selected if Adelie evaluates eachalternative using a Maximin decision criterion…14.5. Mama’s Stuffin’ is a popular food item during the fall and winter months, but it is marginal in the spring and summer. Use the following demand forecasts and costs to determine which of the following production planning strategies is best for Mama’s Stuffin’: a. Level production over the 12 months. b. Produce to meet demand each month. Absorb variations in demand by changing the size of the workforce. c. Keep the workforce at its current level. Supplement with overtime and subcontracting as necessary.
- Macon Controls produces three different types of controlunits used to protect industrial equipment from overheating Each of these units must be processed by a machine thatMacon considers to be their process bottleneck. The plantoperates on two 8-hour shifts, 5 days per week, 52 weeks peryear. Table 4.2 provides the time standards at the bottleneck,lot sizes, and demand forecasts for the three units. Becauseof demand uncertainties, the operations manager obtainedthree demand forecasts (pessimistic, expected, and optimis-tic). The manager believes that a 20 percent capacity cushionis best.a. How many machines are required to meet minimum(pessimistic) demand, expected demand, and maximum(optimistic) demand?b. How many machines are required if the operations man-ager decides to double lot sizes? c. If the operations manager has three machines and be-lieves that the plant can reduce setup time by 20 percentthrough process improvement initiatives, does that planthave adequate capacity to…The forecast demand for fudge for the next four months is 120, 160, 20, and 60 pounds. a. What is the recommended production rate if a level strategy is adopted with no backorders or stock outs? b. What is the ending inventory for Month 4 under this plan? c. What is the level production rate with no ending inventory in month 4.Describe how flexibility in production systens relates to the forecast horizon and forecast accuracy ?
- Assume an initial starting Ft of 200 units, a trend (Tt ) of 8 units, an alpha of 0.30, and a delta of 0.40. If actual demand turned out to be 288, calculate the forecast including trend for the next period.Capacity planning requires a demand forecast for an extended period of time into thefuture. What concerns would you have regarding an extended forecast as a capacityplanner?Deb Bishop Health and Beauty Products has developeda new shampoo, and you need to develop its aggregate schedule.The cost accounting department bas supplied you the costsrelevant to the aggregate plan, and the marketing department hasprovided a four-quarter forecast. All are shown as follows: Your job is to develop an aggregate plan for the next four quarters.a) First, try hiring and layoffs (to meet the forecast) as necessary.b) Then try a plan that holds employment steady.c) Which is the more economical plan for Deb Bishop Healthand Beauty Products?