Answered: A company that produces bottled…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

A company that produces bottled pomegranate juice. A planner has developed an aggregate forecast for demand for the next six months. Month May Jun Jul Aug Sep Oct Forecast 500 480 560 720 640 500 Use the following information to develop aggregate plans. Regular production cost $ 10 per case Regular production capacity 500 cases per month Overtime production cost $ 16 per case Backlog cost $18 per case Subcontracting cost $ 20 per case Inventory cost $ 1 per case per month based on maximum inventory Beginning inventory 1000 units Backlog from previous plan 1100 units Develop an aggregate plan using each of the following guidelines and compute the total cost for your plan. Use a combination of overtime (up to 50 cases per period) and subcontracting (orders have to be 25, 50 or 75 if subcontracting is used) to handle variation in demand. The ending inventory should be 0. Prepare another aggregate plan based on chase strategy and the same given information as before.

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