EBK OM
6th Edition
ISBN: 9781305888210
Author: Collier
Publisher: YUZU
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Chapter 13, Problem 3PA
a
Summary Introduction
Interpretation:
Recommended production rate if level strategy is adopted.
Concept Introduction:
A Level strategy refers to keeping the regular production level constant even when the demand varies among different periods. Under this strategy, the labor and other resources have equal requirement throughout the planning horizon. Therefore, it is easy to implement the level strategy.
b
Summary Introduction
Interpretation:
Level production rate with no ending inventory in month 4
Concept Introduction:
A Level strategy refers to keeping the regular production level constant even when the demand varies among different periods. Under this strategy, the labor and other resources have equal requirement throughout the planning horizon. Therefore, it is easy to implement the level strategy.
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Students have asked these similar questions
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
The forecast demand for fudge for the next four months is 120, 160, 20, and 60 pounds.
a. What is the recommended production rate if a level strategy is adopted with no backorders or stock outs?
b. What is the ending inventory for Month 4 under this plan?
c. What is the level production rate with no ending inventory in month 4.
In aggregate planning, if the beginning inventory for January is 500, the forecasted demand is 1800 and the safety stock is 450, what will be the production requirement in January?
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Introduction to Forecasting; Author: Ekeeda;https://www.youtube.com/watch?v=5eIbVXrJL7k;License: Standard YouTube License, CC-BY