Demand for a product is forecasted for the six periods is 263, 256, 301, 312, 304, and 294. If a LEVEL PRODUCTION strategy is adopted with a constant production of 280 units per period. The regular production cost is RO 12 per unit, whereas the overtime and subcontract costs are RO 20 and RO 25 per unit respectively. There is no limit on subcontracting; however, maximum overtime production capacity is 10. Average inventory holding cost is RO 5 per unit per period. What will be inventory level at the end of period 2? Select one: O a.0 O b.41 O .17 O d. None is correct e. 20
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Q: Demand for a product is forecasted for the six periods is 263, 256, 301, 312, 304, and 294…
A: Demand for a product is forecasted for the six periods is 263, 256, 301, 312, 304 and 294…
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Q: Maha industries produces a product whose anticipated demand for the six periods is 263, 256, 301,…
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Q: Demand for a product is forecasted for the six periods is 263, 256, 301, 312, 304, and 294…
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Q: Maha industries produces a product whose anticipated demand for the six periods is 263, 256, 301,…
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Q: Maha industries produces a product whose anticipated demand for the six periods is 263, 256, 301,…
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A: Below is the screenshot of the formula applied -
Q: Maha industries produces a product whose anticipated demand for the six periods is 263, 256, 301,…
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Q: Maha industries produces a product whose anticipated demand for the six periods is 263, 256, 301,…
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Q: Maha industries produces a product whose anticipated demand for the six periods is 263, 256, 301,…
A: Introduction: The term Business refers to an exchange of goods and services between the buyer and…
Q: Maha industries produces a product whose anticipated demand for the six periods is 263, 256, 301,…
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A: Given data is Weeks 1 2 3 4 5 6 7 8 Forecast 176 172 50 130 40 120…
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- Demand for a product is forecasted for the six periods is 263, 256, 301, 312, 304, and 294 respectively. If a CHASE DEMAND strategy is adopted, and the regular production cost is RO 12 per unit with a maximum regular production of 280 units per period. While, the overtime and subcontract costs are RO 20 and RO 25 per unit respectively. There is no limit on subcontracting however, maximum overtime production capacity is 10. Average inventory holding cost is RO 5 per unit per period. What will be the tatal cost of subrontracting the production? Select one: O a 12/5 O b. 19668 O C. RO0 Odo O e. None is correctDemand for a product is forecasted for the six periods is 263, 256, 301, 312, 304, and 294 respectively. If a CHASE DEMAND strategy is adopted, and the regular production cost is RO 12 per unit with a maximum regular production of 280 units per period. While, the overtime and subcontract costs are RO 20 and RO 25 per unit respectively, There is no limit on subcontracting: however, maximum overtime production capacity is 10. Average inventory holding cost is RO 5 per unit per period. How many units in total are held as inventory? Select one Oa 40 Ob 51 Oco Od None is correct Oe. 1629Mona PLC is a Zambian well-known company that sells goods locally within Zambia. The recently appointed Management Accountant of Mona PLC has been studying the working capital management of the company and has congregated the following information: Inventory management the current policy is to order 100,000 units when the inventory level reduces to 35,000 units. Prediction demand to meet production requirements during the next year is 625,000 units. The cost of placing and processing an order is K250, while the cost of holding a unit in stores is K0.50 per unit per year. Both costs are expected to be constant during the next year. Orders are received two weeks after being placed with the supplier. You should assume a 50- week year and that demand is constant throughout the year. Accounts receivable management Local customers are allowed 30 days’ credit, but the financial statements of Mona PLC shows that the average accounts receivables period in the last financial year was 75 days.…
- 1. Suzie’s Sweatshirts is a home-based company that makes upscale, hand-painted sweatshirts for children. Forecasts of sales for the next year are Autumn: 125 Winter: 350 Spring: 75 Each Shirt is sold for $15. The holding cost per shirt is 6% of the selling price per quarter. The shirts are painted by part-time workers who earn $4.50 per hour during the autumn. Because of the high demand for part-time help during the winter holiday season, labor rates are higher in the winter, and Suzie must pay the workers $6.00 per hour. In the spring, labor is more difficult to keep, and Suzie finds that she must pay $5.50 per hour to get qualified help. Each shirt takes 1.5 hours to complete. Formulate the problem to a LP model to help Suzie plan production over the three quarters to minimize the combined production and inventory holding cost. Suppose there is no inventory at the beginning of the autumn. (Note: You do not need to solve the model.)Wine Accessories Inc. (WAI) produces two models of corkscrews, the standard model and a deluxe model. WAI follows a level aggregate plan, producing 20,000 corkscrews per month, or 5000 corkscrews per week. Th e MPS is developed in weekly time periods. Th e forecasts for each model and the projected available are shown in the next two tables. Th e replenishment order quantity is 2000 units for the standard model and 1000 units for the deluxe model. Note that you can place multipleorders if a single order is insuffi cient to cover the forecast (you can produce 4000 units of the standard model if necessary, or 2000 or 3000 units of the deluxe model). Remember that total weekly production is limited to 5000 corkscrews. Develop an MPS for each of the products.The Yeasty Brewing Company Produces a popular local beer known as Iron Stomach. Beer sales are somewhat seasonal, and Yeasty is planning its production and workforce levels on March 31 for the next six months. The demand forecasts are as follows: month production days demand(in hundred of cases) April 14 75 May 20 100 June 24 200 July 26 140 August 20 100 September 18 50 As of March 31, Yeasty had 70 workers on the payroll. Over a period of 20 working days when there are 100 workers on the pay roll, Yeasty produced 10,000 cases of beer. The cost to hire each worker is $200 and the cost of laying off each worker is $400. Holding costs amount to 1 dollar per case per month. As of March 31, Yeasty expects to have 3,000 cases of beer in stock. It plans to start October with 3,500 cases on hand. a) Formulate the problem of planning Yeasty’s production levels as a linear program. b) Use Excel solver to solve the problem and give the solution (decision variables and…
- Maha industries produces a product whose anticipated demand for the six periods is 263, 256,301,312 (304 and 294. The firm chooses chase demand production strategy. The regular production cost is RO 12 per unit with a maximum regular production of 280 units per period. Whilethe overtime and subcontract costs are RO 20 and RO 25 per unit respectively. There is no limit on subcontracting however, maximum overtime production capacity is 10 Average inventory holding cost is RO 5 per unit per period. How many units in total are subcontracted ?A retailer has two merchandizers, Sue and Bob, who are responsible for setting orderquantities for the products they manage. For all of their products, the critical ratio is .7and the coefficient of variation of their demand forecasts is 0.35. At the end of the season, Sue is proud to report that she has sold the entire inventory she purchased. Bob, onthe other hand, sold only about a third of his products. Who is more likely to be choosing quantities that maximize expected profit? a. Sue because she doesn’t incur the cost of salvaging inventory.b. Sue because she must have sold more units than Bob.c. Bob because even leftover inventory generates some additional revenue.d. Bob because he is probably ordering more than the mean of the demand forecast.A local canning company sells canned vegetables to a supermarket chain in the Minneapolis area. A typical case of canned vegetables requires an average of 0.2 day of labor to produce. The aggregate inventory on hand at the end of June is 800 cases. The demand for the vegetables can be accurately predicted for about 18 months based on orders received by the firm. The predicted demands for the next 18 months are as follows: (given) The firm currently has 25 workers. The cost of hiring and training a new worker is $1,000, and the cost to lay off one worker is $1,500. The firm estimates a cost of $2.80 to store a case of vegetables for a month. They would like to have 1,500 cases in inventory at the end of the 18-month planning horizon. a. Develop a spreadsheet to find a plan that hires and fires workers monthly in order to minimize inventory costs. Determine the total cost of that plan as well.
- Management at the Kerby Corporation has determined the following aggregated demand schedule (in units):Month 1 2 3 4Demand 500 800 1,000 1,400Month 5 6 7 8Demand 2,000 3,000 2,700 1,500Month 9 10 11 12Demand 1,400 1,500 2,000 1,200An employee can produce an average of 10 units per month. Each worker on the payroll costs $2,000 in regular-time wages per month. Undertime is paid at the same rate as regular time. In accordance with the labor contract in force, Kerby Corporation does not work overtime or use subcontracting. Kerby can hire and train a new employee for $2,000 and lay off one for $500. Inventory costs $32 per unit on hand at the end of each month. At present, 140 employees are on the payroll and anticipation inventory is zero.a. Prepare a production plan that only uses a level workforce and anticipation inventory as its supply options. Minimize the inventory left over at the end of the year. Layoffs, undertime, vacations, subcontracting, backorders, and stockouts are not…A local manufacturer of Toys produces several toys. Among the most popular is Elsa Doll. Suppose that there are currently 100 Elsa Doll in inventory and that there are customer orders that have been committed and must be filled. Suppose that a production lot size of 150 Elsa Dolls. The weekly forecasts for the eight weeks are 176, 172, 50, 130, 40, 120, 132, and 135 respectively. The customer orders for weeks 1, 2, 3 through 8 are the 88, 86, 25, 65,20,51,0, o respectively. Using the standard principles of Master Production Schedule (MPS) along with Available-To-Promise (ATP) for the Elsa Dolls, what is the Available to promise (ATP) level in week 5 question Select one: a. 162 b. 150 c. None is correct d. 79 e. 2.39A local manufacturer of Toys produces several toys. Among the most popular is Elsa Doll. Suppose that there are currently 100 Elsa Doll in inventory and that there are customer orders that have been committed and must be filled. Suppose that a production lot size of 150 Elsa Dolls. The weekly forecasts for the eight weeks are 176, 172, 50, 130, 40, 120, 132, and 135 respectively. The customer orders for weeks 1, 2, 3 through 8 are the 88, 86, 25, 65,20,51,0, 0 respectively. Using the standard principles of Master Production Schedule (MPS) along with Available-To-Promise (ATP) for the Elsa Dolls, what is the Available to promise (ATP) level in week 6 Select one: a. 162 b. 150 c. None is correct d. 79 e. 39