ate Planning he projected demands for the next six months, an aggregate plan that uses inventory, regular vertime, subcontract and backorders. Regular time d to 170 units per month (Cost per Unit = $20). he is limited to a maximum of 50 units per month er Unit =$30). Units purchased from the tractor (Cost per Unit $26) cannot exceed 60 nth and the total purchases from the tractor over the 6 month period cannot be over ts. Backorders cannot exceed 60 units in any honth (Cost per Unit $1) and must be no more in Period 6. Average Inventory Holding cost per 64. Forecasted Demand as well as Beginning and Ending Inventory are listed in the table below. th 1 2 3 4 5 6 Total lar ut time ut ontract ning tory able ale 190 cast 60 log- ent d log- ous d g tory age itory id: 190 290 170 150 180 Minimum Cost Production Plan by Creating a sheet in Excel. Use Solver to find the Minimum lution. Leave a copy of your Spreadsheet in the x. >st Month 1= ange (3820,4020) ost Month 2 = ange (3820,3970) ost Month 3 = ost Month 4 = >st Month 5 = ange (3330,3430) ost Month 6 = >st All Periods = ange (23530,24230) Format: No Dollar ($) signs or commas --- s should be whole numbers. 0 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 = $20). Overtime is limited to a maximum of 50 units per month (Cost per Unit =$30). Units purchased from the subcontractor (Cost per Unit = $26) cannot exceed 60 per month and the total purchases from the subcontractor over the 6 month period cannot be over 200 units. Backorders cannot exceed 60 units in any given month (Cost per Unit $1) and must be no more than 10 in Period 6. Average Inventory Holding cost per Unit $4. Forecasted Demand as well as Beginning and desired Ending Inventory are listed in the table below. Month 1 2 3 4 5 6 Regular Output Overtime Output Subcontract Beginning 0 Inventory Total Available for Sale Less 190 190 290 170 Forecast 70 150 180 Plus Backlog- Current Period Less Backlog- Previous Period Ending Inventory Average Inventory Required: Find the Minimum Cost Production Plan by Creating a Spreadsheet in Excel. Use Solver to find the Minimum Cost Solution. Leave a copy of your Spreadsheet in the DropBox. Total Cost Month 1 = Hint: Range (3820,4020) Total Cost Month 2 = Hint: Range (3820,3970) Total Cost Month 3 = Total Cost Month 4 = Total Cost Month 5 = Hint: Range (3330,3430) Total Cost Month 6 = Total Cost All Periods = Hint: Range (23530,24230) Answer Format: No Dollar ($) signs or commas --- Answers should be whole numbers.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Related questions
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do fast.
ate Planning
he projected demands for the next six months,
an aggregate plan that uses inventory, regular
vertime, subcontract and backorders. Regular time
d to 170 units per month (Cost per Unit = $20).
he is limited to a maximum of 50 units per month
er Unit =$30). Units purchased from the
tractor (Cost per Unit $26) cannot exceed 60
nth and the total purchases from the
tractor over the 6 month period cannot be over
ts. Backorders cannot exceed 60 units in any
honth (Cost per Unit $1) and must be no more
in Period 6. Average Inventory Holding cost per
64. Forecasted Demand as well as Beginning and
Ending Inventory are listed in the table below.
th
1 2 3 4 5 6 Total
lar
ut
time
ut
ontract
ning
tory
able
ale
190
cast
60
log-
ent
d
log-
ous
d
g
tory
age
itory
id:
190
290
170
150
180
Minimum Cost Production Plan by Creating a
sheet in Excel. Use Solver to find the Minimum
lution. Leave a copy of your Spreadsheet in the
x.
>st Month 1=
ange (3820,4020)
ost Month 2 =
ange (3820,3970)
ost Month 3 =
ost Month 4 =
>st Month 5 =
ange (3330,3430)
ost Month 6 =
>st All Periods =
ange (23530,24230)
Format: No Dollar ($) signs or commas ---
s should be whole numbers.
0
Transcribed Image Text:ate Planning he projected demands for the next six months, an aggregate plan that uses inventory, regular vertime, subcontract and backorders. Regular time d to 170 units per month (Cost per Unit = $20). he is limited to a maximum of 50 units per month er Unit =$30). Units purchased from the tractor (Cost per Unit $26) cannot exceed 60 nth and the total purchases from the tractor over the 6 month period cannot be over ts. Backorders cannot exceed 60 units in any honth (Cost per Unit $1) and must be no more in Period 6. Average Inventory Holding cost per 64. Forecasted Demand as well as Beginning and Ending Inventory are listed in the table below. th 1 2 3 4 5 6 Total lar ut time ut ontract ning tory able ale 190 cast 60 log- ent d log- ous d g tory age itory id: 190 290 170 150 180 Minimum Cost Production Plan by Creating a sheet in Excel. Use Solver to find the Minimum lution. Leave a copy of your Spreadsheet in the x. >st Month 1= ange (3820,4020) ost Month 2 = ange (3820,3970) ost Month 3 = ost Month 4 = >st Month 5 = ange (3330,3430) ost Month 6 = >st All Periods = ange (23530,24230) Format: No Dollar ($) signs or commas --- s should be whole numbers. 0
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 = $20).
Overtime is limited to a maximum of 50 units per month
(Cost per Unit =$30). Units purchased from the
subcontractor (Cost per Unit = $26) cannot exceed 60
per month and the total purchases from the
subcontractor over the 6 month period cannot be over
200 units. Backorders cannot exceed 60 units in any
given month (Cost per Unit $1) and must be no more
than 10 in Period 6. Average Inventory Holding cost per
Unit $4. Forecasted Demand as well as Beginning and
desired Ending Inventory are listed in the table below.
Month
1 2 3
4
5
6
Regular
Output
Overtime
Output
Subcontract
Beginning
0
Inventory
Total
Available
for Sale
Less
190
190
290 170
Forecast
70
150
180
Plus
Backlog-
Current
Period
Less
Backlog-
Previous
Period
Ending
Inventory
Average
Inventory
Required:
Find the Minimum Cost Production Plan by Creating a
Spreadsheet in Excel. Use Solver to find the Minimum
Cost Solution. Leave a copy of your Spreadsheet in the
DropBox.
Total Cost Month 1 =
Hint: Range (3820,4020)
Total Cost Month 2 =
Hint: Range (3820,3970)
Total Cost Month 3 =
Total Cost Month 4 =
Total Cost Month 5 =
Hint: Range (3330,3430)
Total Cost Month 6 =
Total Cost All Periods =
Hint: Range (23530,24230)
Answer Format: No Dollar ($) signs or commas ---
Answers should be whole numbers.
Transcribed Image Text: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 = $20). Overtime is limited to a maximum of 50 units per month (Cost per Unit =$30). Units purchased from the subcontractor (Cost per Unit = $26) cannot exceed 60 per month and the total purchases from the subcontractor over the 6 month period cannot be over 200 units. Backorders cannot exceed 60 units in any given month (Cost per Unit $1) and must be no more than 10 in Period 6. Average Inventory Holding cost per Unit $4. Forecasted Demand as well as Beginning and desired Ending Inventory are listed in the table below. Month 1 2 3 4 5 6 Regular Output Overtime Output Subcontract Beginning 0 Inventory Total Available for Sale Less 190 190 290 170 Forecast 70 150 180 Plus Backlog- Current Period Less Backlog- Previous Period Ending Inventory Average Inventory Required: Find the Minimum Cost Production Plan by Creating a Spreadsheet in Excel. Use Solver to find the Minimum Cost Solution. Leave a copy of your Spreadsheet in the DropBox. Total Cost Month 1 = Hint: Range (3820,4020) Total Cost Month 2 = Hint: Range (3820,3970) Total Cost Month 3 = Total Cost Month 4 = Total Cost Month 5 = Hint: Range (3330,3430) Total Cost Month 6 = Total Cost All Periods = Hint: Range (23530,24230) Answer Format: No Dollar ($) signs or commas --- Answers should be whole numbers.
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