Please advise with Homework Chapter 20 Problem 6. Thank you. Please provide step by step explantion so I can use it for notes The MRP gross requirements for Item X are shown here for the next 10 weeks. Lead time for A is two weeks, and setup cost is $9.There is a carrying cost of $0.02 per unit per week. Beginning inventory is 70 units.Gross requirements2010 15 45Least total cost method indicates thatperiods5WEEK1004 through ខ8Use the least total cost lot-sizing method to determine when and for what quantity the first order should be released.Answer is complete but not entirely correct.401815020 units should be ordered to cover the needs for

Find the Calculation methods below: Week 1 2 3 4 5 6 7 8 9 10 Gross Requirements 20 10 15…

The MRP gross requirements for Item X are shown here for the next 10 weeks. Lead time for A is two weeks, and setup cost is $9. There is a carrying cost of $0.02 per unit per week. Beginning inventory is 70 units. Gross requirements 20 Least total cost method indicates that periods WEEK 100 Use the least total cost lot-sizing method to determine when and for what quantity the first order should be released. 4 through 8 Answer is complete but not entirely correct. 20 40 150 units should be ordered to cover the needs for

The MRP gross requirements for Item X are shown here for the next 10 weeks. Lead time for A is two weeks, and setup cost is $9. There is a carrying cost of $0.02 per unit per week. Beginning inventory is 70 units. Gross requirements 20 Least total cost method indicates that periods WEEK 100 Use the least total cost lot-sizing method to determine when and for what quantity the first order should be released. 4 through 8 Answer is complete but not entirely correct. 20 40 150 units should be ordered to cover the needs for

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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Similar questions

Assess the importance of inventory control and the various types of inventory related decisions by evaluating EOQ, ABC, MRP, JIT, and ERP models.
In a MRP problem, A is a MPS item. Every A requires 2 B’s and 3 C’s. Every B requires 5 C’s. All lead times are two periods. All initial inventory values are 0. Use lot-for-lot method for order quantities for all items. What is the low level code (LLC) for B and C?
Completely fill in the MRP matrices for items J, K, and L. Do not complete the matrix for M and be careful to watch lot size restrictions. Item J LLC 0 Lot Size L4L LT 3 1 2 3 4 5 6 7 8 9 Gross Requirements Scheduled Receipts Projected on Hand 100 Net Requirements Planned Order Receipts Planned Order Releases Item K LLC _ Lot Size Mult 200 LT 2 1 2 3 4 5 6 7 8 9 Gross Requirements Scheduled Receipts Projected on Hand 110 Net Requirements Planned…
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. Complete the following MRP record. All gross requirements, beginning inventory levels, and scheduled receipts are shown. Click the icon to view the MRP record. Complete the material requirements plan (enter your responses as whole numbers). Week 1 2 3 4 5 6 Gross requirements 250 450 100 100 50 500 Scheduled receipts Projected ending inventory: 290 Net requirements Planned receipts Planned orders
In the following MRP planning schedule for Item J, indicate the planned order releases to meet the gross requirements. Lead time is one week and there is no inventory on hand and no safety stock.
Product A is made from components B and C. Item B, inturn, is made from D and E. Item C also is an intermediateitem, made from F and H. Finally, intermediate item E ismade from H and G. Note that item H has two parents. Thefollowing are item lead times:a. What lead time (in weeks) is needed to respond to a cus-tomer order for product A, assuming no existing invento-ries or scheduled receipts?b. What is the customer response time if all purchased items(i.e., D, F, G, and H) are in inventory?c. If you are allowed to keep just one purchased item instock, which one would you choose?
Product A is made from components B and C. Item B, inturn, is made from D and E. Item C also is an intermediateitem, made from F and H. Finally, intermediate item E ismade from H and G. Note that item H has two parents. Thefollowing are item lead times: a. What lead time (in weeks) is needed to respond to a cus-tomer order for product A, assuming no existing invento-ries or scheduled receipts?b. What is the customer response time if all purchased items(i.e., D, F, G, and H) are in inventory?c. If you are allowed to keep just one purchased item instock, which one would you choose?
What factor should be top priority when buying an ERP system (cost, functionality, accessibility etc.) Give reason for your Answer. NB: Answer should be in 2-3 para
One unit of A is made of two units of B and one unit of C. B is made of three units of D and one unit of F. C is composed of three units of B, one unit of D, and four units of E. D is made of one unit of E. Item C has a lead time of one week; items A, B, E, and F have two-week lead times; and item D has a lead time of three weeks. Lot-for-lot (L4L) lot sizing is used for items C, E, and F; lots of size 20, 40, and 160 are used for items A, B, and D, respectively. Items A, B, D, and E have on-hand (beginning) inventories of 5, 10, 100, and 100, respectively; all other items have zero beginning inventories. We are scheduled to receive 10 units of A in week 3, 20 units of B in week 7, 40 units of F in week 5, and 60 units of E in week 2; there are no other scheduled receipts. If 20 units of A are required in week 10, use the low-level-coded bill-of-materials (product structure tree) to find thenecessary planned order releases for all components.
Compare and contrast the meaning of the word lead time in a typical EOQ and an MRP scheme.
Explain how MRP can decrease a company’s inventory while improving its customer service level. Include a real-life example.
Hip Replacements, Inc., has a master production schedule forits newest model, as shown below, a setup cost of $50, a holdingcost per week of $2, beginning inventory of 0, and lead time of1 week. What are the costs of using lot-for-lot for this l0-weekperiod? WEEK 1 2 3 4 5 6 7 8 9 10Gross requirements 0 0 50 0 0 35 15 0 100 0Scheduled receiptsProjected on hand 0 0 0 0 0 0 0 0 0 00Net requirements 0 0 50 0 0 35 15 0 100Planned order receipts 50 35 15 100Planned order releases 50 35 15 100