#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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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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Sapatos Inc. sells a pair of shoes at P200. They have computed fixed cost to be P15,750 with a profit of P1,500 when 150 pairs of shoes are sold. a. Find the variable cost. b. Find the break even quantity.
Explore the concept of dynamic order quantity in the Wilson approach and how it adapts to changing demand patterns. Provide examples.
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Explain briefly the difference between product cost and period cost & application of “Theory of Constraints” in real world.
Jet skis and snowmobiles are assembled by Mobile Incorporated. Because both end - items use the same small engine, you can aggregate demand for the engine assembly. Develop an aggregate plan that uses a level production strategy each quarter and the information that follows. What is the total cost? Assume lost sales are backordered and filled during the next quarter. Summarize the plan, its costs, and consequences using manual computations. Initial Inventory Level = 1,000 units Regular Time = $15 Lost Sales Cost/Unit = $24 Inventory Carry Cost per unit = $3 Quarter One Two Three Four Total Beginning Inventory Jet Ski Engine 10, 000 15,000 16,000 3,000 44,000 600 Snowmobile Engine 9,000 7,000 19,000 10,000 45,000 400 Total Engines 19,000 22,000 35,000 13,000 89, 000 1,000 Average Demand Rate/Quarter 22, 000 Units Regular Time Production Rate 22,000 Units
A company manufactures two wheeler passengers’ helmets. The initial stock on hand is 5000 units. The carrying cost is Rs. 2 per helmet per week and the lead time is two weeks. The ordering cost per order is Rs. 5000. The MPS of the final requirements is shown below. Develop a Material Requirement Plan (MRP I) by using EOQ method and determine the total inventory cost for the same. Week 1 2 3 4 5 6 7 8 Projected requirements 10000 8000 15000 7000 16000 5000 15000 11000
Prepare a master schedule based on the following information: Week 1 2 3 4 5 6 7 8 Forecast 500 500 600 600 750 750 900 800 Orders 540 470 325 200 105 45 10 0 Currently there are 700 units in inventory. Policy calls for a fixed order quantity of 1250 units. Can you receive another order for 250 items in week 1? Why? How many orders can be received in each period without altering the plan. If there are 1250 items in stock, what would be the answer of questions 2 and 3?
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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Caluclate Total Cost of Hirings

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