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a)
To determine: The plan which is lowest-cost
Introduction: The aggregate plan is the output of sales and operations planning. The major concern of aggregate planning is the production time and quantity for the intermediate future. Aggregate planning would encompass a time prospect of approximately 3 to 18 months.
b)
To determine: The plan which would be implemented by Person X
Introduction: The aggregate plan is the output of sales and operations planning. The major concern of aggregate planning is the production time and quantity for the intermediate future. Aggregate planning would encompass a time prospect of approximately 3 to 18 months.
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Chapter 13 Solutions
MyLab Operations Management with Pearson eText -- Access Card -- for Operations Management: Sustainability and Supply Chain Management
- QUESTION 1 Trinity product Limited makes and sells three which the following information is available Standard cost and selling price per unit Day Scan types of electronic Night scan security systems for Omni scan GH¢ GH¢ GH¢ Material 70 110 155 Manufacturing labour 40 55 70 Installation labour 24 32 44 Variable overheads 16 20 28 Selling price 250 320 460 Fixed cost for the period are GH¢450,000 and installation labour, which is highly skilled is available for 25,000 hours only in a period and is paid GH¢8 per hour. Both manufacturing and installation labour are variable cost. The maximum demand for the period is: Day scan 2,000 units; Night scan 3,000 units; Omni scan 1,800 units. Required Calculate the shortfall (if any) in hours of installation Determine the best production plan assuming the…arrow_forwardRequired information Skip to question George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company’s products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: Week Units Total Etching Cost 1 9 $ 21 2 12 25 3 13 30 4 9 20 5 11 25 6 18 34 72 $ 155 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. 2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. 2-b. Express these estimates in the form Y = a + bX.arrow_forwardQUESTION 4 Calculate four periods moving average forecast from the following last six periods Period Demand 1 38 40 42 4 40 44 38 O a. 40 Ob.41 Ос. 42 Od. 43arrow_forward
- PLEASE ANSWER ASAP. Q5 SUBJECT: PRODUCTION AND OPERATION MANAGEMENTarrow_forwardQUESTION TWO Musa's Cashmere Sweaters has authorized the following MPS for her exclusive line of cashmere sweaters. She wants to use the MPS record for promising future orders. Current order promises are included. The MPS order quantity is 60 units. Beginning Inventory is 0. Complete the following MPS record. Period 1 2 3 4 5 6 7 8 9 10 11 12 Forecast 15 15 15 15 20 20 20 20 25 25 25 25 Customer orders 12 10 8 25 40 0 15 30 30 0 0 40 Projected available Available-to-promise MPS 60arrow_forwardQUESTION THREE (a) The actual demand of a product for 6 months are summarized in Table below: Actual Demand Values Month ( ) t Demand ( ) tD 1 300 2 450 3 700 4 900 5 1200 6 1400 iv. Compute the mean absolute deviation. v. Mean absolute percent error (MAPE)arrow_forward
- Question 3 Regular output capacity is 130 units per month. Regular cost per unit = K600. Overtime cost per unit K900. Beginning inventory is 0 units. We have the forecast of engine demand shown below: a) Develop a chase plan that matches the forecast. Calculate the cost of the plan. b) Develop a level plan that uses inventory to absorb fluctuations. Compare the costs of the level plan to the costs of the chase plan from Part (a). Inventory carrying cost per unit per month = 20. Backlog cost per unit per month = K900. There should be no backlog in the final month. Month Forecast 1 120 2 3 135 140 4 120 End of assignment 1 5 125 6 125 7 140 = 8 135 Total 1,040arrow_forwardQuestion 4 Santizit, Inc. produces a constant supply of hand sanitizer bottles (adjusted for seasonality) to its distributors. Recently the sales team increased their forecast to the distributors. With the updated sales forecast, the operations management met to discuss the need to revise their optimal, or economic, order quantity. During the meeting, your manager assigns you to calculate the economic order quantity of cases of hand sanitizer bottles that the plant would need to achieve to meet the forecasted supply to the distributors. The operations supervisor provides you with some key information. • There are 12 bottles in each innerpack. • Each case contains 5 innerpacks. • The average annual holding cost per case is $6. • The cost per order is $130. • The plant operates Monday through Friday and has two weeks per year that it is shut down for maintenance. The maximum inventory at the end of each production run is 4% greater than the demand. • Assume daily demand of 12,703 bottles…arrow_forwardQuestion 2 "In air cargo revenue management, for every flight we operate, we first must forecast the capacity so we can understand how much space we can sell. Unlike on the passenger side where the number of seats is rather standard, the cargo capacity will vary based on the route, the aircraft, the number of passengers, the number of bags passengers are carrying and other metrics." Karri Kauppi, Head of Cargo Revenue Management & Pricing, Finnair Source: The Complexities of Air Cargo Revenue Management https://www.kambr.com/articles/the-complexities-of-air-cargo-revenue-management (a) According to Karri Kauppi, cargo revenue management (CRM) is complex. The first thing in CRM is to forecast the air cargo capacity which would depend on factors e.g. the route, the aircraft, the number of passengers, the number of bags and other metrics. Appraise how Karri practises CRM in forecasting air cargo capacity and pricing available cargo space for sale in order to maximize profitability.…arrow_forward
- QUESTION 2 When used effectively, S&OP Planning does not require cross-functional collaboration. O True Falsearrow_forwardQuestion2. Describe the options that McDonald’s and its suppliers can pursue to overcome the challenges of French Fries Supply Chain.arrow_forwardQUESTION THREE (a) The actual demand of a product for 6 months are summarized in Table below: Actual Demand Values Month ( ) t Demand ( ) tD 1 300 2 450 3 700 4 900 5 1200 6 1400 i. Find three months weighted moving averages by assuming the weights 1 0.15 W = , 2 0.36W = and 3 0.49 W = . ii. Compute the mean forecast errors. iii. Compute the mean square errorarrow_forward
- Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill EducationOperations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
- Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage LearningProduction and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.
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