#7A toy manufacturing company has prepared its forecasted demand for the next six months. Develop an aggregate plan to meet this demand given thisadditional information. A level production rate of 100 units per month will be used. Backorders are allowed, and they are charged at the rate of RM10 per unitper month. Inverntory holding costs are RM2 per unit per month. Determine the cost of this plan if the regular time cost is RM20 per unit and the beginninginventory is zero.MonthJanuaryFebruaryMarchForecasted Demand06110120110AprilМay100June90AnswerA RM12.20O2014 - 2022Chat With UsENG9.26 AMUS2/22/2022

An aggregate plan is a tool used to balance the demand and supply for a product over the medium time…

Answered: #7 A toy manufacturing company has…

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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A company produces skateboards. Each skateboard (A) consists of one unit of board (B), and two units of sub-assembly of roller-set (C). Roller-sets comprise of 2 components: 2 rollers (D) and one axle (E). The MPS is as follows: Week 1 2 3 4 5 6 7 8 9 10 A D 40 50 60 80 What are the planned order releases for item A? A has an on-hand inventory of 10, safety stock of 0. The lead time is 1 week and the ordering policy is Lot-for-Lot (L4L).
A company has the beginning workforce is 120 employees. The monthly output per employee is 100 units. The costs to hire and lay off a worker are $2,000 and $3,000, respectively. The cost to carry an item in inventory for one month is estimated at $10, and the stockout cost is $25 per unit. What is cost of the level sales and operations plan? Month 1 Demand 6,500 A) $224,000 B) $127,000 C) $291,000 D) $345,000 2 3 8,700 5,300 4 5 8,700 14,200 6 4,600 Total 48,000
Dennis Sport World, a chain of sporting goods stores, sells 360,000 tennis balls per year. The tennis balls cost Dennis Sport World RM15 per dozen. Annual inventory carrying costs are 20 percent of inventory price. The cost of placing and receiving an order are RM72. Assume the inventory replenishment occurs virtually instantaneously. Based on recent experience, Dennis Sport World uses 7 days delivery time for planning purposes. (Assume 360 days in a year) TASKS a) Calculate the Economic Order Quantity. b) Calculate the number of orders to be placed. c) Calculate the total annual inventory costs. d) Determine the reorder point.
Arrange a plan to order from the supplier using Part Period Balancing and Least Unit Cost method based on the data. Ordering lead time of the components is 1 period. Calculate the total cost of each method.
Question 12 Simulate the following inventory replenishment problem for 20 weeks. You will have to use the Excel program to simulate. Demand is uniformly distributed between 20 and 30 units. Additional Data are given below. Inventory Cost/Week = $ 1.00 Shortage Cost/Week = $ 2.00 Lead Time = 2 weeks %3D Beginning Stock on Hand (SOH) = 0 %3D Supply in Week 1 = 21 units %3! Supply in Week 2= 22 units What is the total shortage cost at the end of 20 weeks if the order size in every week is 20 units? tion The demand for the next 20 weeks is given below ation Week 1 2 Demand 21 22 4 10 30 21 27 28 23 29 21 25 Week 11 12 13 14 15 17 16 18 19 20 CO
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Explore the concept of dynamic order quantity in the Wilson approach and how it adapts to changing demand patterns. Provide examples.
Master production schedule (MPS) A kite manufacturer produces the most popular model, the Long kite. Suppose that there are currently 10 long Kites in inventory and that there are customer orders that have been committed and must be filled. Suppose that a production lot size of 100 long kites is used. Prepare a master production schedule for the long kite model. Week 1 2 4 6. 7 8. Forecast 30 30 30 40 40 40 45 55 Customer orders 35 15 20 18 12 15 Projected inventory MPS 100
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Playfair Limited is a company that purchases toys from abroad for resale to retail stores on credit. The company is concerned about its inventory (stock) management operations. It is considering adopting a stock management system based upon the economic order quantity (EOQ) model. The company's estimates of its inventory management are shown below: Carrying cost (holding cost) of inventories as a percentage of purchase cost of toys per year Storage costs Insurance Handling Obsolete inventory Opportunity costs of funds invested in inventory % 3 1 1 3 10 18
Historical demands observed for the last 5 months are 1000, 2300, 3200, 1750, and 1200. To match the demand, the company placed respective orders of 1100, 2500, 4000, 1000, and 900 units. (a) Compute the variance of demand. (b) Compute the variance of orders. (c) Compute the bullwhip measure. Is there an amplifying or smoothing effect?

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