9. The VP of manufacturing for the N. L. Hyer Company is ready to decide on her sales and oper-ations plan for next year. The firm's single product (known throughout the adult puzzle trade as"Hyer's Hexagon") is "red hot," according to the VP of marketing, so she insists that backordersare not acceptable next year. Since the United Puzzlemakers Union is trying to organize theplant, the manufacturing VP decided the number of employees must remain constant (i.e., level)throughout all four quarters. Pertinent information is as follows:Quarter1I™23Production Days60586170Demand Forecast12,00013,00013,5909,0004Beginning inventory = 1,000 unitsRegular time output rate = 10 units/day employeea. What daily production rate and number of employees will be required?b. How many units will be in inventory at the end of quarter 4?

Production rate, in terms of manufacturing, refers to the number of goods that can be produced…

Answered: 9. The VP of manufacturing for the N.…

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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Problem 21-9 (Algo) Semans is a manufacturer that produces bracket assemblies. Demand for bracket assemblies (X) is 137 units. The following is the BoM in indented form: ITEM DESCRIPTION USAGE X Bracket assembly 1 A Wall board 5 B Hanger subassembly 2 D Hanger casting 2 E Ceramic knob 1 C Rivet head screw 4 F Metal tong 3 G Plastic cap 1 Below is a table indicating current inventory levels: Item X A B C D E F G Inventory 30 20 73 22 200 149 1,000 90 b. What are the net requirements of each item in the MPS? (Leave no cells blank - be certain to enter "0" wherever required.)
The seasonal demand for a particular product is given below: Period 12 3 4 56 Demand 300 450 100 450 450 100 The fixed parameters are: Fixed Cost $8 Unit Production Cost $1 Holding Cost $1.3 Calculate total ordering cost using the following three methods: i) Lot-for-Lot ii) Wagner-Whitin algorithm iii) Fixed order quantity
Objectives of Inventory Control in Procter & Gamble.
Ram Roy's firm has developed the following supply, demand, cost, and inventory data. Supply Available Regular Demand Period Time Overtime Subcontract Forecast 1 40 15 40 35 15 60 3 30 15 45 Initial inventory Regular-time cost per unit Overtime cost per unit Subcontract cost per unit Carrying cost per unit per month 20 units $100 $150 $250 $4 Assume that the initial inventory has no holding cost in the first period and backorders are not permitted. Allocating production capacity to meet demand at a minimum cost using the transportation method, the total cost is $(enter your response as a whole number).
In each of the following, name the term defined or answer the question. Answers are listed at the bottom. 1. A term used to describe demand that is uncertain and needs to be forecast.2. We are ordering T-shirts for the spring party and are selling them for twice what we paid for them. We expect to sell 100 shirts and the standard deviation associated with our forecast is 10 shirts. How many shirts should we order?3. We have an item that we stock in our store that has fairly steady demand. Our supplier insists that we buy 1,200 units at a time. The lead time is very short on the item because the supplier is only a few blocksaway and we can pick up another 1,200 units when we run out. How many units do you expect to have in inventory, on average?
Please help to solve step by step.
1. Determine the inventory order quantity for Diamant’s distributor.2. Compare the optimal order quantity with a seasonally adjusted forecast for demand. Doesthe order quantity seem adequate to meet the seasonal demand pattern for Diamonds(i.e., is it likely that shortages or excessive inventories will occur)?
Please help to solve step by step.
dt = demand Kt = ordering cost Ct = cost per item ht = holding cost per item per unit time
Specialty Toys, Inc., sells a variety of new and innovative children's toys. Management learned that the preholiday season is the best time to introduce a new toy, because many families use this time to look for new ideas for December holiday gifts. When Specialty discovers a new toy with good market potential, it chooses an October market entry date. In order to get toys in its stores by October, Specialty places one-time orders with its manufacturers in June or July of cach year. Demand for children's toys can be highly volatile. If a new toy catches on, a sense of shortage in the marketplace often increases the demand to high levels and large profits can be realized. However, new toys can also flop, leaving Specialty stuck with high levels of inventory that must be sold at reduced prices. The most important question the company faces is deciding how many units of a new toy should be purchased to meet anticipated sales demand. If too few are purchased, sales will be lost; if too many…
Ram Roy's firm has developed the following supply, demand, cost, and inventory data Period 1 2 3 Regular Time 30 30 40 Supply Available Overtime Subcontract 5 15 15 15 5 5 Demand Forecast 40 20 units $100 $150 $200 $6 45 55 Initial inventory Regular-time cost per unit Overtime cost per unit Subcontract cost per unit Carrying cost per unit per month Assume that the initial inventory has no holding cost in the first period and backorders are not permitted Allocating production capacity to meet demand at a minimum cost using the transportation method, the total cost is $ (enter your response as a whole number)
Problem 11-3 Solve the newsvendor problem. What is the optimal order quantity? Probability Value Purchase cost c Selling price p Salvage value v 0.13 0.03 0.19 1 2 3 Optimal order quantity 45 70 25 0.16 0.10 4 5 0.39 6

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