EBK PRODUCTION AND OPERATIONS ANALYSIS
7th Edition
ISBN: 9781478628385
Author: Olsen
Publisher: WAVELAND PRESS (ECONTENT)
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Question
Chapter 8.2, Problem 18P
a
Summary Introduction
Interpretation: The optimal production plan and the holding and setup costs are to be calculated.
Concept Introduction: The production level at which the short term profits are maximized, and that at which setup and holding costs are least, is referred to as the optimal production plan.
b
Summary Introduction
Interpretation: The optimal production plan and the holding and setup costs using backward dynamic programming.
Concept Introduction: The production level at which the short term profits are maximized, and that at which setup and holding costs are least, is referred to as the optimal production plan.
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Semans is a manufacturer that produces bracket assemblies. Demand for bracket assemblies (X) is 131 units. The following is
in indented form:
ITEM
DESCRIPTION
Bracket assembly
Wall board
USAGE
1
A
4
Hanger subassembly
Hanger casting
Ceramic knob
Rivet head screw
Metal tong
Plastic cap
E
G
2
Below is a table indicating current inventory levels:
Item
Inventory
A
B
E
G
23
18
55
25
200
170
1,100
90
b. What are the net requirements of each item in the MPS? (Leave no cells blank be certain to enter "0" wherever requirec
Item
Net Requirements
A
F
Nevt
Part (A)
To control the inventory, organizations have three alternate approaches: Economic Order Quantity (EOQ).
Materials Requirements Planning (MRP) and Just-in-Time (JIT).
Discuss those three approaches identify the goal of each one? And how the organization can achieve such a goal?
Part (B)
Some threats could be happened in the production cycle, one of them is over or under production threat.
Discuss two problems and two controls related to this threat.
for the toolbar, press ALT F10 (PC) or ALT+FN+F10 (Mac).
Determine an A-B-C classification for these items:
Which items are A, B, and C - explain how you derive the answers? Use a table or excel spreadsheet to illustrate your work.
Item Unit Cost Annual Volume (000)1 300 252 90 303 30 604 50 105 15 706 100 407 10 60
Hint:Determine the Annual Dollar Value (Unit Cost * Annual Volume) for each item and the sum of the individual Annual Dollar Values. Arrange the items in descending order based on Annual Dollar Values. Then, determine the percentage of items and the percentage of…
Chapter 8 Solutions
EBK PRODUCTION AND OPERATIONS ANALYSIS
Ch. 8.1 - Prob. 1PCh. 8.1 - Prob. 2PCh. 8.1 - Prob. 3PCh. 8.1 - Prob. 4PCh. 8.1 - Prob. 5PCh. 8.1 - Prob. 6PCh. 8.1 - Prob. 7PCh. 8.1 - Prob. 8PCh. 8.1 - Prob. 9PCh. 8.2 - Prob. 10P
Ch. 8.2 - Prob. 11PCh. 8.2 - Prob. 12PCh. 8.2 - Prob. 13PCh. 8.2 - Prob. 14PCh. 8.2 - Prob. 15PCh. 8.2 - Prob. 16PCh. 8.2 - Prob. 17PCh. 8.2 - Prob. 18PCh. 8.2 - Prob. 19PCh. 8.2 - Prob. 20PCh. 8.2 - Prob. 21PCh. 8.2 - Prob. 22PCh. 8.3 - Prob. 23PCh. 8.3 - Prob. 24PCh. 8.3 - Prob. 25PCh. 8.4 - Prob. 26PCh. 8.4 - Prob. 27PCh. 8.4 - Prob. 28PCh. 8.4 - Prob. 29PCh. 8.5 - Prob. 30PCh. 8.5 - Prob. 31PCh. 8.5 - Prob. 32PCh. 8.5 - Prob. 33PCh. 8.5 - Prob. 34PCh. 8.6 - Prob. 35PCh. 8.6 - Prob. 36PCh. 8.6 - Prob. 37PCh. 8.6 - Prob. 38PCh. 8.6 - Prob. 39PCh. 8.6 - Prob. 40PCh. 8 - Prob. 41APCh. 8 - Prob. 42APCh. 8 - Prob. 43APCh. 8 - Prob. 44APCh. 8 - Prob. 45APCh. 8 - Prob. 46APCh. 8 - Prob. 48APCh. 8 - Prob. 49APCh. 8 - Prob. 50APCh. 8 - Prob. 51AP
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