Principles of Operations Management: Sustainability and Supply Chain Management (10th Edition)
10th Edition
ISBN: 9780134181981
Author: Jay Heizer, Barry Render, Chuck Munson
Publisher: PEARSON
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Chapter 14, Problem 24P
Develop a POQ solution and calculate total relevant costs for the data in the preceding table.
Data Table for Problems 14.22 through 14.25*
* Holding cost = $2.50 Unit/week setup cost = $150; lead time = 1 week; beginning inventory = 40; stockout cost = $10.
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Scatter Diagrams and High-Low Cost Estimation
Assume the local Pearle Vision has the following information on the number of sales orders received and order-processing costs.
Month Sales Orders Order-Processing Costs
3,000
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4,400
241,400
2,800
163,800
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139,550
1,200
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2,000
125,000
1
2
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$ 28,000
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(b.) Plot the data on a scatter diagram. Using the information from representative high-and low-volume months, develop a cost estimating equation for monthly order-processing costs. If needed, an Excel
worksheet is provided in the following link in order to create the scatter diagram: Scatter_Diagram
$ 15,000 X+ $53.14 X X
identified order processing time risk and purpose solution using Plan-Do-Check-Act cycle.
Shown below is a partially completed MPS record for ball bearings.
Part 2
a. Develop the MPS for ball bearings. (Enter your responses as integers. A response of "0" is equivalent to being not applicable.)
Item: Ball bearings
Order Policy: 500 units
Lead Time: 1 week
Quantity
on Hand: 400
Week
1
2
3
4
5
6
7
8
9
10
Forecast
550
350
350
450
250
300
250
350
400
350
Customer orders (booked)
300
350
250
300
150
150
150
150
100
50
Projected on-hand inventory
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MPS quantity
500
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Chapter 14 Solutions
Principles of Operations Management: Sustainability and Supply Chain Management (10th Edition)
Ch. 14 - Ethical Dilemma For many months your prospective...Ch. 14 - What is the difference between a gross...Ch. 14 - Prob. 2DQCh. 14 - What are the similarities between MRP and DRP?Ch. 14 - How does MRP II differ from MRP?Ch. 14 - Which is the best lot-sizing policy for...Ch. 14 - What impact does ignoring carrying cost in the...Ch. 14 - MRP is more than an inventory system; what...Ch. 14 - What are the options for the production planner...Ch. 14 - Master schedules are expressed in three different...
Ch. 14 - What functions of the firm affect an MRP system?...Ch. 14 - Prob. 11DQCh. 14 - Prob. 12DQCh. 14 - Prob. 13DQCh. 14 - Prob. 14DQCh. 14 - As an approach to inventory management, how does...Ch. 14 - Prob. 16DQCh. 14 - Use the Web or other sources to: a) Find stories...Ch. 14 - Prob. 18DQCh. 14 - Prob. 19DQCh. 14 - You have developed the following simple product...Ch. 14 - You are expected to have the gift bags in Problem...Ch. 14 - Prob. 3PCh. 14 - Your boss at Xiangling Hu Products, Inc., has just...Ch. 14 - The demand for subassembly S is 100 units in week...Ch. 14 - Prob. 6PCh. 14 - Prob. 7PCh. 14 - Prob. 8PCh. 14 - Prob. 9PCh. 14 - Prob. 10PCh. 14 - Prob. 11PCh. 14 - Prob. 12PCh. 14 - Prob. 13PCh. 14 - Prob. 14PCh. 14 - You are product planner for product A (in Problem...Ch. 14 - Prob. 16PCh. 14 - Heather Adams, production manager for a Colorado...Ch. 14 - Prob. 22PCh. 14 - Data Table for Problems 14.22 through 14.25 ...Ch. 14 - Develop a POQ solution and calculate total...Ch. 14 - Using your answers for the lot sizes computed in...Ch. 14 - M. de Koster, of Rene Enterprises, has the master...Ch. 14 - Grace Greenberg, production planner for Science...Ch. 14 - Prob. 29PCh. 14 - Prob. 30PCh. 14 - Courtney Kamauf schedules production of a popular...Ch. 14 - Using the data for the coffee table in Problem...Ch. 14 - Prob. 1.1VCCh. 14 - Prob. 1.2VCCh. 14 - Prob. 1.3VCCh. 14 - MRP at Wheeled Coach Wheeled Coach, the worlds...Ch. 14 - MRP at Wheeled Coach Wheeled Coach, the worlds...Ch. 14 - Prob. 2.3VC
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