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Operations Management
Prepare a master schedule based on the following information:                          Week   1   2   3   4   5   6   7   8   Forecast   500   500   600   600   750   750   900   800   Orders   540   470   325   200   105   45   10   0         Currently there are 700 units in inventory. Policy calls for a fixed order quantity of 1250 units.   Can you receive another order for 250 items in week 1? Why?     How many orders can be received in each period without altering the plan.   If there are 1250 items in stock, what would be the answer of questions 2 and 3?

Prepare a master schedule based on the following information:                          Week   1   2   3   4   5   6   7   8   Forecast   500   500   600   600   750   750   900   800   Orders   540   470   325   200   105   45   10   0         Currently there are 700 units in inventory. Policy calls for a fixed order quantity of 1250 units.   Can you receive another order for 250 items in week 1? Why?     How many orders can be received in each period without altering the plan.   If there are 1250 items in stock, what would be the answer of questions 2 and 3?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question

Prepare a master schedule based on the following information:

                        

Week

 

1

 

2

 

3

 

4

 

5

 

6

 

7

 

8

 

Forecast

 

500

 

500

 

600

 

600

 

750

 

750

 

900

 

800

 

Orders

 

540

 

470

 

325

 

200

 

105

 

45

 

10

 

0

 

 

 

 

  1. Currently there are 700 units in inventory. Policy calls for a fixed order quantity of 1250 units.

 

  1. Can you receive another order for 250 items in week 1? Why?

 

 

  1. How many orders can be received in each period without altering the plan.

 

  1. If there are 1250 items in stock, what would be the answer of questions 2 and 3?
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