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a) Use Chase Demand Strategy b) Use Level Production Strategy with Backordering

a) Use Chase Demand Strategy b) Use Level Production Strategy with Backordering

Practical Management Science
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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Costs Previous quarter's output Beginning inventory Stockout cost for backorders Inventory holding cost 1,500 units O units $50 per unit $10 per unit for every unit held at the end of the quarter $40 per unit $80 per unit $30 per unit $15 extra per unit Not available Hiring workers Layoff workers Unit cost Overtime Subcontracting a) Use Chase Demand Strategy b) Use Level Production Strategy with Backordering
Transcribed Image Text:Costs Previous quarter's output Beginning inventory Stockout cost for backorders Inventory holding cost 1,500 units O units $50 per unit $10 per unit for every unit held at the end of the quarter $40 per unit $80 per unit $30 per unit $15 extra per unit Not available Hiring workers Layoff workers Unit cost Overtime Subcontracting a) Use Chase Demand Strategy b) Use Level Production Strategy with Backordering
0.• 13.11 Liz Perry Health and Beauty Products has developed a new shampoo and you need to develop its aggregate schedule. The cost accounting department has supplied you the cost relevant to the aggregate plan and the marketing department has provided a four- quarter forecast. All are shown as follows: ----k.--- Quarter Forecast 1,400 1,200 1,500 1,300 2 3 4
Transcribed Image Text:0.• 13.11 Liz Perry Health and Beauty Products has developed a new shampoo and you need to develop its aggregate schedule. The cost accounting department has supplied you the cost relevant to the aggregate plan and the marketing department has provided a four- quarter forecast. All are shown as follows: ----k.--- Quarter Forecast 1,400 1,200 1,500 1,300 2 3 4
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