Required:Find the Minimum Cost Production Plan by Creating a Spreadsheet in Excel. Use Solver to find the Minimum CostSolution. Leave a copy of your Spreadsheet in the DropBox.Total Cost Month 1 =,4980)Total Cost Month 2 =,5730)Total Cost Month 3 =Total Cost Month 4 =Total Cost Month 5 =,3430)Total Cost Month 6 =Total Cost All Periods =A/A/A/A/A/A/A,26410)Answer Format: No Dollar (S) signs or commas --- Answers should be whole numbers.Hint: Range (4880Hint: Range (5670Hint: Range (3370Hint: Range (25410 Aggregate PlanningGiven 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 180 units per month (Cost per Unit = $20). Overtimeis limited to a maximum of 20 units per month (Cost per Unit =$30). Units purchased from the subcontractor (Cost perUnit = $36) cannot exceed 40 per month and the total purchases from the subcontractor over the 6 month periodcannot be over 160 units. Backorders cannot exceed 40 units in any given month (Cost per Unit = $1 ) and must be nomore than 10 in Period 6. Average Inventory Holding cost per Unit = $4. Forecasted Demand as well as Beginning anddesired Ending Inventory are listed in the table below.MonthRegular OutputOvertime OutputSubcontractBeginning InventoryTotal Available for SaleLess ForecastPlus Backlog-Current PeriodLess Backlog-PreviousPeriodEnding InventoryAverage Inventory022012102310318013051506TotalRequired:Find the Minimum Cost Production Plan by Creating a Spreadsheet in Excel. Use Solver to find the Minimum CostSolution. Leave a copy of your Spreadsheet in the DropBox.

Find the Calculation methods below: Output Forecast = (Regular Output - Forecast) + Overtime +…

Answered: Given the projected demands for the…

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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What is the underlying principle of the square-root rule? How do inventories change as the number of warehouses in a logistics network changes?
Hi, Pls provide answers. thank you.
Explore the concept of dynamic order quantity in the Wilson approach and how it adapts to changing demand patterns. Provide examples.
Master production schedule (MPS) A kite manufacturer produces the most popular model, the Long kite. Suppose that there are currently 10 long Kites in inventory and that there are customer orders that have been committed and must be filled. Suppose that a production lot size of 100 long kites is used. Prepare a master production schedule for the long kite model. Week 1 2 4 6. 7 8. Forecast 30 30 30 40 40 40 45 55 Customer orders 35 15 20 18 12 15 Projected inventory MPS 100
Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 30 30 30 60 20 20 70 60 *Holding cost $1.50/unit/week; setup cost = $200; lead time = 1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). Period 1 2 3 4 Gross requirements 30 30 On-hand at beginning of period 40 On-hand at end of period Order receipt Order release 72 68 53 30 60 20 8 9 10 11 12 20 70 60
QUESITON 26 Calculate the percentage of assets committed to inventory, where Panda lnc has $44,000,000 in total assets and 11,400,000 of inventory. QUESITON 27 Supply chain management is ... A.a set of procedures connecting suppliers to customers B.Design, operation and improvement of productive systems C.A sequence of activities across organizations that are involved in producing and delivering a product or service D.a series of activities from suppliers to customers that add value to a product or service QUESITON 28 SCOR stands for A.Supply Chain Operations Reference model B.Supply Chain Operations Resilience C.Supply Chain Organsational Resources D.
Playfair Limited is a company that purchases toys from abroad for resale to retail stores on credit. The company is concerned about its inventory (stock) management operations. It is considering adopting a stock management system based upon the economic order quantity (EOQ) model. The company's estimates of its inventory management are shown below: Carrying cost (holding cost) of inventories as a percentage of purchase cost of toys per year Storage costs Insurance Handling Obsolete inventory Opportunity costs of funds invested in inventory % 3 1 1 3 10 18
Should BestLine’s ordering department have been more involved during the project?2. Sarah used expert interviews for this project. Were there more effective methods for gathering therequirements?3. What crucial step(s) did Sarah skip in the requirements process?4. Which downstream activities would likely be affected by her approach? At what point in the projectwould the problems likely emerge?5. Should Sarah have presented the requirements to the ordering manager at this point? Should the orderingmanager have signed off on them?
Jean-Marie Bourjolly's restaurant has the following inventory items that it orders on a weekly basis. Fill in the blanks in the following table. Remember that annual dollar volume (not weekly) is requested. The restaurant is open 52 weeks a year. (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.) The class of French fries is The class of Oil is ID Item 1 Rib eye steak 2 3 Pasta 4 Salt 5 Napkins 6 Tomato sauce c) What is the total annual dollar volume for all items? $ Lobster tail (enter you 7 8 Pepper 9 Garlic powder 10 Trash can liners 11 Table cloths 12 Fish filets 13 Prime rib roasts 14 Oil 15 Lettuce (case) 16 Chickens 17 Order pads 18 Eggs (case) 19 Bacon 20 Sugar French fries C ♥ B # Ordered per Cost/Case Week ($) 3 140 245 23 3 12 25 A NOENEN was du w w w 8 N N N N w W a whole number). 3 12 2 12 30 3 3 3 5 10 6 3 24 14 7 2 48 3 11 12 32 143 166 21 35 75 12 22 56 4 4 Annual Dollar Volume a) What is the highest annual dollar…
A single inventory item is ordered from an outside supplier. The anticipateddemand for this item over the next 12 months is 6, 12, 4, 8, 15, 25, 20, 5, 10, 20, 5,12. Current inventory of this item is 4, and ending inventory should be 8. Assume aholding cost of $1 per period and a setup cost of $40. Determine the order policyfor this item based onc. Part period balancing
Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period Gross requirements 1 2 20 3 4 56 7 8 9 10 11 12 30 30 60 20 20 80 60 *Holding cost $1.50/unit/week; setup cost $200; lead time = 1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). Period Gross requirements On-hand at beginning of period On-hand at end of period 1 2 3 4 56 7 8 9 10 11 12 20 30 30 60 20 20 80 60 40 20 30 20 20 Order receipt Order release
Please help me with show all calculation thanku

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