Homework Help is Here – Start Your Trial Now!
Business
Operations Management
Laflamme Inc. is producing fire fighter suits. The sales forecast for the coming 6 months are: May 650 January 900 Stock carrying cost Back orders cost February 950 Layoff cost Hiring cost At the beginning of January, Lafamme Inc. is keeping 250 suits in stock and 8 employees working 8 hours per day. It takes 2 hours/person to produce one suit. The remaining stocks at the end of June will be sold at 40% of their value. You have the following information: Hourly wage cost for regular time Hourly wage cost for overtime Selling price Notes March 750 January 900 20 April 950 February March 950 750 18 20 10$ per unit per month 40$ per unit per month 250$ per employee 200$ per employee 20$ 30$ 1925$ QUESTIONS A. Use a Level Capacity Strategy plan without overtime and without new employees. PLAN A Months Forecast Working days Calculate costs according to this strategy. Backorders units are non-cumulative We cannot sell units that we do not have! June 550 April 950 21 May 650 21 June 550 20 B. Second, use a Hybrid Level Strategy Plan using overtime in order to reduce total cost and

Laflamme Inc. is producing fire fighter suits. The sales forecast for the coming 6 months are: May 650 January 900 Stock carrying cost Back orders cost February 950 Layoff cost Hiring cost At the beginning of January, Lafamme Inc. is keeping 250 suits in stock and 8 employees working 8 hours per day. It takes 2 hours/person to produce one suit. The remaining stocks at the end of June will be sold at 40% of their value. You have the following information: Hourly wage cost for regular time Hourly wage cost for overtime Selling price Notes March 750 January 900 20 April 950 February March 950 750 18 20 10$ per unit per month 40$ per unit per month 250$ per employee 200$ per employee 20$ 30$ 1925$ QUESTIONS A. Use a Level Capacity Strategy plan without overtime and without new employees. PLAN A Months Forecast Working days Calculate costs according to this strategy. Backorders units are non-cumulative We cannot sell units that we do not have! June 550 April 950 21 May 650 21 June 550 20 B. Second, use a Hybrid Level Strategy Plan using overtime in order to reduce total cost and

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...
See similar textbooks
icon
Related questions
Question

Hello dear,

can you help with this questions?

my item choosed is jacket

thanks.

Laflamme Inc. is producing fire fighter suits. The sales forecast for the coming 6 months are: May 650 January 900 February 950 Stock carrying cost Back orders cost Layoff cost Hiring cost Hourly wage cost for regular time Hourly wage cost for overtime Selling price Notes At the beginning of January, Lafamme Inc. is keeping 250 suits in stock and 8 employees working 8 hours per day. It takes 2 hours/person to produce one suit. The remaining stocks at the end of June will be sold at 40% of their value. You have the following information: January 900 20 PLAN B Months PART 1 (SOP) February 950 18 March 750 QUESTIONS A. Use a Level Capacity Strategy plan without overtime and without new employees. PLAN A Months Forecast Working days Calculate costs according to this strategy. January 900 20 February 950 18 April 950 March 750 20 10$ per unit per month 40$ per unit per month 250$ per employee 200$ per employee 20$ 30$ 1925$ March 750 20 Backorders units are non-cumulative We cannot sell units that we do not have! April 950 21 B. Second, use a Hybrid Level Strategy Plan using overtime in order to reduce total cost and increase your profits. April 950 21 June 550 May 650 21 Forecast Working days Calculate the costs for this new hybrid strategy using overtime. May 650 21 June 550 20 June 550 20
Transcribed Image Text:Laflamme Inc. is producing fire fighter suits. The sales forecast for the coming 6 months are: May 650 January 900 February 950 Stock carrying cost Back orders cost Layoff cost Hiring cost Hourly wage cost for regular time Hourly wage cost for overtime Selling price Notes At the beginning of January, Lafamme Inc. is keeping 250 suits in stock and 8 employees working 8 hours per day. It takes 2 hours/person to produce one suit. The remaining stocks at the end of June will be sold at 40% of their value. You have the following information: January 900 20 PLAN B Months PART 1 (SOP) February 950 18 March 750 QUESTIONS A. Use a Level Capacity Strategy plan without overtime and without new employees. PLAN A Months Forecast Working days Calculate costs according to this strategy. January 900 20 February 950 18 April 950 March 750 20 10$ per unit per month 40$ per unit per month 250$ per employee 200$ per employee 20$ 30$ 1925$ March 750 20 Backorders units are non-cumulative We cannot sell units that we do not have! April 950 21 B. Second, use a Hybrid Level Strategy Plan using overtime in order to reduce total cost and increase your profits. April 950 21 June 550 May 650 21 Forecast Working days Calculate the costs for this new hybrid strategy using overtime. May 650 21 June 550 20 June 550 20
C. Use a Hybrid Chase Strategy Plan using layoff and hiring in order to reduce cost and increase profits. PLAN C Months Forecast Working days Calculate the costs for this new strategy. January 900 20 PLAN Months Forecast Working days February 950 18 January 900 20 March 750 20 February 950 18 D. Do you have other options? (Produce an improved plan). Which one is the best planning strategy? Analyze and compare all the plans and give your recommendations. Justify your choice. April 950 21 March 750 20 April 950 21 May 650 21 PART 2 (MRP, RCCP, BOM) June 550 20 May 650 21 June 550 20 Question 1. Starting from LAFLAMME global production plan (SOP), produce a Master Plan (MRP) for one fire suit product (helmet, jacket, trouser, booths, respiratory unit, flashlight, fire extinguisher). You have total control over the plan constraints and information. Question 2. Starting from your Master Plan (MRP), supply the necessary information to calculate a RCCP using at least 5 work centers. You have total control over the plan constraints and information. Question 3. Starting from LAFLAMME Master Plan, create a BOM for one specific product and calculate a minimum of 3 MRP with levels 1, 2, and 3 of the BOM. You have total control over the plan constraints and information.
Transcribed Image Text:C. Use a Hybrid Chase Strategy Plan using layoff and hiring in order to reduce cost and increase profits. PLAN C Months Forecast Working days Calculate the costs for this new strategy. January 900 20 PLAN Months Forecast Working days February 950 18 January 900 20 March 750 20 February 950 18 D. Do you have other options? (Produce an improved plan). Which one is the best planning strategy? Analyze and compare all the plans and give your recommendations. Justify your choice. April 950 21 March 750 20 April 950 21 May 650 21 PART 2 (MRP, RCCP, BOM) June 550 20 May 650 21 June 550 20 Question 1. Starting from LAFLAMME global production plan (SOP), produce a Master Plan (MRP) for one fire suit product (helmet, jacket, trouser, booths, respiratory unit, flashlight, fire extinguisher). You have total control over the plan constraints and information. Question 2. Starting from your Master Plan (MRP), supply the necessary information to calculate a RCCP using at least 5 work centers. You have total control over the plan constraints and information. Question 3. Starting from LAFLAMME Master Plan, create a BOM for one specific product and calculate a minimum of 3 MRP with levels 1, 2, and 3 of the BOM. You have total control over the plan constraints and information.
Expert Solution
steps

Step by step

Solved in 7 steps with 6 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS