as or commas A/ A/ << < A 2 A A Answers should be whole numbers. Hi Hi Hi
as or commas A/ A/ << < A 2 A A Answers should be whole numbers. Hi Hi Hi
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

Transcribed Image Text:Required:
Find the Minimum Cost Production Plan by Creating a Spreadsheet in Excel. Use Solver to find the Minimum Cost
Solution. Leave a copy of your Spreadsheet in the DropBox.
Total Cost Month 1 =
,6670)
Total Cost Month 2 =
,8890)
Total Cost Month 3 =
Total Cost Month 4 =
Total Cost Month 5=
,5260)
Total Cost Month 6=
A
A
A
A
A
A
A/
Total Cost All Periods =
,40490)
Answer Format: No Dollar (S) signs or commas- Answers should be whole numbers.
Hint: Range (6550
Hint: Range (8820
Hint: Range (5220
Hint: Range (3929C

Transcribed Image Text:Aggregate Planning
Given the projected demands for the next six months, prepare an aggregate plan that uses inventory, regular time,
overtime, subcontract and backorders. Regular time is limited to 170 units per month (Cost per Unit-$30). Overtime
is limited to a maximum of 20 units per month (Cost per Unit -$45). Units purchased from the subcontractor (Cost per
Unit = $54) cannot exceed 50 per month and the total purchases from the subcontractor over the 6 month period
cannot be over 150 units. Backorders cannot exceed 40 units in any given month (Cost per Unit - $5) and must be no
more than 30 in Period 6. Average Inventory Holding cost per Unit - $10. Forecasted Demand as well as Beginning
and desired Ending Inventory are listed in the table below.
=
Regular Output
Overtime Output
Month
Subcontract
Beginning Inventory
Total Available for Sale
Less Forecast
Plus Backlog-Current Period
Less Backlog-Previous
Period
Ending Inventory
Average Inventory
10
210
1
210
2
3
310
170
4
160
6
170
0
6
Total
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