Pls help Right now is Oct 27, 2021. You are developing an aggregate production planfor 2022.Suppose the beginning inventory at the first quarter of 2022 is estimated tobe 132 units.The forecasted demand for Quarter 1 through Quarter 4 of 2022 are 1,009,1,032, 1,427,and 1,476 units, respectively. The regular-time production in Quarter 42021 is 1,463 units.The ending inventory in Quarter 4 2021 is 132 units.The cost of regular-time production is $84 per unit while the cost ofovertime productionper unit is 29% more than the cost of regular-time production per unit. Thecost ofdecreasing regular-time production is $31 per unit. The cost of increasingregular-timeproduction is $40 per unit.You want to use the chase production plan without overtime and thedemand in each quartermust be satisfied. What is the decrease in regular-time production (if any) inQuarter 2 of 2022?

The pursuit methodology alludes to the thought that you are pursuing the demand set by the market.…

Answered: Right now is Oct 27, 2021. You are…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter9: Decision Making Under Uncertainty

Section: Chapter Questions

Problem 46P

See similar textbooks

Similar questions

The ABC Company is making a production plan for the next year, given the sales forecast for the next year as: Quarter 1 2 3 4 Total Sales Forecast (units) 9,000 12,000 16,000 12,000 49,000 Currently, the ﬁrm has 12 employees, each producing up to 1,000 units per quarter and earning $2,000 per quarter. The ﬁrm estimates its inventory carrying cost to be $2 per unit of ending inventory per quarter and its hiring or layoff costs to be $1,600 per employee. The company currently has an inventory of 2,000 units and wishes to have an ending inventory of at least 1,000 units at the end of each quarter. The company does not plan to incur inventory shortages. Find the optimal production plan that minimizes the total cost by Excel solver
Given the projected demands for the next six months, prepare an aggregate plan that uses inventory, regular time and overtime, and backorders. The plan must wind up with no units in ending inventory in Period 6. Regular time capacity is 150 units per month. Overtime capacity is 20 units per month. Overtime cost is $30 per unit, backorder cost is $20 per unit. inventory holding cost is $5 per unit, regular time cost of $20 per unit, and beginning inventory is zero. MONTH FORECAST 1 180 2 170 3 140 4 150 5 130 6 150
The lease cost for a specialized highway design software package is estimated to be $13,000 for each of years 1, 2, and 3 (future dollars). (a) Calculate the CV amount today (year 0) of each future cost estimate at the inflation rate of 6% per year. (b) Develop a spreadsheet and graph for inflation rates of 3%, 6%, and 8% per year that show the CV today.
Please help me solve this table. Rockit Electronics manufactures a line of digital blue ray players. The player is made from one subassembly of B and one subassembly of C. B is made of three units of D and two of E. C is made of two units of F and two of E.The blue ray has a lead time of one week. B, C, and E have lead times of two weeks, and D and F have lead times of three weeks.As the production manager, you need to figure out the MRP planning schedule. 1. What is the bill of materials (product structure tree)?2. If 1,000 units of blue ray players are required in week 10, what is the MRP schedule? Specifically, when items are to be ordered and received. Assume we have no units of inventory on hand.
Discuss how the aggregate planning model couldbe extended to handle a company that producesseveral products on several types of machines.What information would you need to model thistype of problem?
The forecasted demand for fudge for the next four months is 110, 140, 230, and 160 pounds. What is the recommended production rate if a level strategy is adopted with no backorders or stockouts? What is the ending inventory for month 4 under this plan? Round your answers to the nearest whole number. Production rate: pounds/month Ending inventory (month 4): pounds What is the level production rate with no ending inventory in month 4? Round your answer to one decimal place. Production rate: pounds/month
Formulate a chase sales and operations plan for a company with the following predicted demand: Month 1 2 3 4 5 6 Total Demand 55,200 49,600 12,800 24,800 50,400 25,600 218,400 The beginning workforce is 160 employees. The monthly output per employee is 400 units. The cost to hire and lay off a worker are $2,500 and $3,500, respectively. The cost to carry an item in inventory for one month is estimated at $14, and the stockout cost is $25 per unit. Show the production schedule, the inventory levels, and the changes in the workforce…
Deb Bishop Health and Beauty Products has developed a new shampoo and you need to develop its aggregate schedule. The cost accounting department has supplied you the cost relevant to the aggregate plan and the marketing department has provided a four-quarter forecast. the four-quarter forecast. Quarter Forecast 1 1,400 2 1,100 3 1,700 4 1,300 aggregate plan. Costs Previous quarter's output 1,600 units Beginning inventory 0 units Stockout cost for backorders $55 per unit Inventory holding cost $11 per unit for every unit held at the end of the quarter Hiring workers $50 per unit Layoff workers $75 per unit Unit cost $35 per unit Overtime $20 extra per unit Subcontracting Not available Your job is to develop an aggregate plan for the next four quarters. Part 2 a) Try hiring and layoffs (to meet the forecast) as necessary (enter your responses as whole…
Aggregate demand for a product family is given in the table below for the 4 quarters of 2021. Production cost on regular time is $3 per unit. The inventory cost is $1 per unit per quarter. Demand that cannot be met is a lost sale and accounted for at $9 per unit. When necessary, up to 100 units can be subcontracted at a cost of $5 per unit. Labor fluctuation costs are accounted for by costs of changes in production level: each unit of increase in production is accounted for at $2 per unit of increase and $1 per unit of decrease. The aggregate planning technique being considered is level production. That is, the production level is the same for each quarter. Compute the total annual cost of meeting demand for 2021. (Determine the number of units to produce in each month for level production (Total demand - initial inventory)/4. Then for each month, compute the number of units to be subcontracted, the inventory, and the lost sales). Report as a whole number with no commas.…
The company is expected to have a cash balance of 65,000 on January 1, 2021. The company wants to maintain a minimum cash balance of $15,000. Loan and interest payments are made in multiples of 10,000 in the earliest quarter in which there is sufficient cash (that is, when the cash on hand exceeds the $15,000 minimum required balance). Prepare a 1.labour and 2.manufacturing overhead budget
A company wants to develop a level production plan. The beginning inventory is zero. Demand for the next four periods is given in what follows. What production rate per period will give a zero inventory at the end of period 4? When and in what quantities will back orders occur? What level production rate per period will avoid back orders? What will be the ending inventory in period 4? Period 1 2 3 4 Total Forecast demand 9 5 9 9 Planned production Planned inventory 0
The president of Hill Enterprises, Terri Hill, projects the firm's aggregate demand requirements over the next 8 months as follows: January 1,400 May 2,100 February 1,500 June 2,300 March 1,800 July 1,900 April 1,700 August 1,400 Her operations manager is considering a new plan, which begins in January with 200 units on hand and ends with zero inventory. Stockout cost of lost sales is $125 per unit. Inventory holding cost is $20 per unit per month. Ignore any idle-time costs. The plan is called plan B. Plan B: Produce at a constant rate of 1,400 units per month, which will meet minimum demands. Then use subcontracting, with additional units at a premium price of $80 per unit. Subcontracting capacity is limited to 900 units per month. Evaluate this plan by computing the costs for January through August. In order to arrive at the costs, first compute the ending inventory and subcontracting units for each month by filling…

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

SEE MORE TEXTBOOKS