manager is attempting to put together an aggregate plan for the coming nine months. She has obtained a forecast of expected demand for the planning horizon. The plan must deal with highly seasonal demand; demand is relatively high in periods 3 and 4 and again in period 8, as can be seen from the following forecasts: Period 1 2 3 4 5 6 7 8 9 Total Forecast 1 2 3 4 5 6 7 8 9 TOTAL 190 230 260 280 210 170 160 260 180
Q: 1. Explain 4 different configuration of supply chain with the type of product each configuration…
A: Note: As per guidelines, only 1 question can be answered at a time. The first one has been answered.…
Q: Functional teams are effective when it comes to implementing large-scale organizational changes.…
A: Functional teams: Functional teams, which are made up of people from various vertical levels of the…
Q: At All Books, a large retailer of popular books, demand is constant at 20,400 books per year. The…
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Q: A business needs to actively build competence within the supply chain in order to maintain a…
A: As per the case, the rooibos business requires more focus on developing capability-based competition…
Q: Draw the figure No. using the time clamp method, then find the total tolerance for each activity,…
A: 1. During forward pass in case of more than two preceding activities the early start will be…
Q: Volvo Logistics handles shipping for Volvo Trucks NorthAmerica from two Factories. One of these…
A: This is a transportation problem, which can be solved by excel. Solver constraints:
Q: Supply chain management has enabled some companies to operate more efficiently and compete more…
A: The process of managing the products or services and getting them to the final users is known as…
Q: The cost-time crashing method relies on choosing the cheapest method for reducing the duration of…
A: Schedule compression strategies, often known as project crashing, are employed when a person wishes…
Q: Suppose you are trying to maximize NPV (net present value). You have five (5) potential projects to…
A: Given data is Projects A B C D E Year Amount available NPV ($) 600 1000 1700 1200 1500…
Q: A specification for bottle filling has an upper limit of 9.16 ounces and a lower limit of 9.12…
A: Process capability ratio is a statistical measure .It produces output within specification limits.
Q: Phillip Witt, president of Witt Input Devices, wishes to create a portfolio of local suppliers for…
A: Cost of Shutdown = 480000Super event Risk = 3%Unique event Risk = 5%Cost of managing suppliers =…
Q: a) The total amount of hours to build the 13 units = hours (round your response to the nearest whole…
A: Given that: Learning rate = 85% Time taken by 1st unit = 760 hrs
Q: ?Q) Solve the LPP problems below by using big M-Method MIN Z=8X1+2X2 S.T X1+2X2=66 X1+6X2268…
A: Given LLP- Min Z = 8x1 + 2x2Subject to-x1 + 2x2= 66x1 + 6x2≥ 68x1 + 4x2≤82x1,x2≥0
Q: a) Based on the given information regarding the activities for the project, the project completion…
A: A network diagram related to the project shows the sequence of the task that is performed to…
Q: Pls solve this question correctly in 5 min i will give u like for sure Question # 1 Teresa Cohan is…
A: Given- Annual demand (D)= 5,000 unitsOrdering cost (S) = $30 per orderUnit Cost = $200Holding cost…
Q: 14.5. For the data in Exercise 14.4, use an a of 0.1 to make a forecast for July F= Ft-1 + 0.1(At-1-…
A: Given-
Q: A defense contractor in Dallas has six jobs awaiting processing. Processing time and due dates are…
A: Given-
Q: gainesvile cigar stocks cuban cigars that have variable lead times because of the difficulty in…
A: Given data is Lead time (L) = 6 weeks Lead time standard deviation(sigma L) = 2 weeks Demand(D) =…
Q: A small, independent amusement park collects data on the number of cars with out-of-state license…
A: Formulae used: Standard deviation(SP) =P×1-PN Overall proportionP =Total of all defectsTotal of all…
Q: This exercise is based on the following data on four bodybuilding supplements. (Figures shown…
A: Given data is Creatine Glutamine BCAAs Cost ($) Xtend 0 2.5 7 1 Gainz 2 3 6 1.10…
Q: What similarities between Priority Scheduling and Shortest Job First Scheduling exist, if any?
A: Scheduling refers to the allocation or assigning of time and resources to finish a job or a task.…
Q: Incorporating flotation costs into the analysis of a project will : a. increase the initial cash…
A: Explanation : Flotation costs increase the initial outlay of money because the company must raise…
Q: Problem 16-11 (Algo) One of your Taiwanese suppliers has bid on a new line of molded plastic parts…
A: Net present value (NPV) is a method used to determine the current value of all future cash flows…
Q: Find Optimal solution for this example (loop) ? ( NOT Initial basic feasible solution )
A: Given Information: VAM (Vogel's approximation method) of finding the Initial basic feasible…
Q: 1. A company would like to invest in the metal stock market, and the maximum available investment is…
A: Given data is Metal Interest return ($) Maximum investment possible Gold 0.45 5,600,000…
Q: Kelson Sporting Equipment, Inc., makes two different types of baseball gloves: a regular model and a…
A:
Q: Over the past 12 months, Super Toy Mart has experienced a demand variance of 10,250 units and has…
A: Given, Demand variance = 10250 units Order variance = 12050 units
Q: Period Actual Sales 1 500 2 540 Answer the following two questions using it. 3 5 620 4 690 820 Using…
A: Ans) Exponential Smoothing with formula: Thus, Correct Answer is 725. Thus, Correct Option is H.
Q: Amazon Web Services (AWS) is an ERP system.
A: When nearly all significant suppliers have made the decision to aggressively shift to the cloud,…
Q: 1) Max Z = x₁ + 3x2 s.t. 2x1 + 4x2 ≤ 14 6x1 + 2x2 ≤ 12 Xi≥0 The coefficients of the variables in the…
A: The objective function given is Max Z=x1+3x2 The objective function in a linear program refers to…
Q: What is x? (Do not round intermediate calculations. Round your answer to the nearest whole number.)
A: A network diagram related to the project shows the sequence of the task that is performed to…
Q: Courtney is a programmer receiving requests each week to analyze a large data base. Five jobs were…
A: Given-
Q: What are the four main modes of transportation besides pipeline transportation? What is the…
A: The four main modes of transportation other than pipeline transportation are explained below. Air: -…
Q: OA. 6,440 OB. 10,780 OC. 385 OD. 8,120 OE. 5,040 Dept. A Dept. B Dept. C Dept. D Dept. A 0 5 0 10…
A: Given: Distance between consecutive rooms = 28 meters For the total flow, Need to figure out the…
Q: A weighing process has an upper specification of 1.751 grams and a lower specification of 1.632…
A: Given: USL =1.751 gm LSL=1.631 gm Mean = 1.7 gm S.D = 0.023 gm
Q: Green Vehicle Inc., manufactures electric cars and small delivery trucks. It has just opened a new…
A: Objective Function: Suppose-C1 be the no. of cars to be produced per dayT1 be the no. of trucks to…
Q: A project has the following activities, with specified precedents and expected durations (in hours).…
A: Forward Pass:Early Start (ES) = Max EF value from immediate Predecessor(s)Early Finish (EF) = ES +…
Q: what is the difference between a baseline Gantt chart and a tracking Gantt chart? 200 words, please
A: These are 3 separate questions, so only first one can be answered. Baseline Gantt chart: Gantt…
Q: analyze five ways in which you can diagnose change that requires management attention in an…
A: ANSWER : At the point when you are faced with a situation where change appears to required, one of…
Q: Why is operation management important for a business ?
A: ANSWER : Operations management is the process that generally plans, controls and supervises…
Q: What are the pros of total quality management ?
A: Total quality management (TQM) as a term to describe an organization's quality policy and procedure…
Q: You should use a(n) OAX-bar chart OB. R-chart OC. p-chart OD.m-chart OE. v-chart to track the…
A: The issue can only be handled indirectly if the pipe diameter is established for the required…
Q: How does operation management affects the profitability of a business?
A: Operations Management - It is signified as the administration of business practices to efficiently…
Q: A normally distributed population has a mean of 578 and a standard deviation of 7.50. Find the…
A: Given, Sample size n = 100 Mean μ = μx = 578 Standard deviation δ= 7.5 Sample standard deviation δx=…
Q: a) the 10th transplant b) The cost of 10th surgery to Beth Zion Hospital = $ 10.40 hours (round your…
A: Given : Learning rate = 75% Time required for the first transplant = 27 hrs
Q: PLEASE Make a decision tree diagram and show all payoffs!!! You are a logistics manager for…
A: Net present value (NPV) is a method used to determine the current value of all future cash flows…
Q: Carol Cagle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The…
A: Given data: Setup labor cost = $25/hr Annual Holding cost (H) = $12/unit Daily production (P) = 992…
Q: The task oriented situational approach to leadership does not involve the organization of resources.…
A: Task-oriented leadership is a directed management approach that specifies tasks and goals.…
Q: Analyze the SWOT of WALMART
A: To conduct a Walmart SWOT analysis, one must be familiar with the business and its development.…
Q: a) Based on the given information regarding the activities for the project, the project completion…
A: A network diagram related to the project shows the sequence of the task that is performed to…
A manager is attempting to put together an aggregate plan for the coming nine months. She has obtained a
Period 1 2 3 4 5 6 7 8 9
Total Forecast
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | TOTAL |
190 | 230 | 260 | 280 | 210 | 170 | 160 | 260 | 180 | 1,940 |
The department now has 20 full-time employees, each of whom can produce 10 units of output per period at a cost of $6 per unit. Inventory carrying cost is $5 per unit per period, and backlog cost is $10 per unit per period.
What is the total inventory cost?
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.
- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?A manager is attempting to put together an agregate plan for the coming nine months. She has obtained a forecast of expected demand for the planning horizon. The plan must deal with highly seasonal demand; demand is relatively high in periods 3 and 4 and again in period 8, as can be seen from the following forecast. Period 1 2 3 4 5 6 7 8 9 TotalForecast 190 230 260 280 210 170 160 260 180 1,940 The department now has 20 ful-time employees, each of whom produces 10 units of output per period at cost of $6 per unit. Beging inventory for period 1 is zero. Inventory carrying cost is $5 per unit per period, and backlog cost is $10 per unit per period. a. Will the current work force be able to handle the forecast demand? b. Determine the total cost of the plan, including production, inventory, and backorder cost.
- DEMAND FOR FERTILIZER YEAR (1,000S OF BAGS) 1 4 2 6 3 4 4 5 5 10 6 8 7 7 8 9 9 12 10 14 11 15 Data collected on the yearly demand for 50-pound bags of fertilizer at Wallace Garden Supply are shown in the following table: Develop a 3-year moving average to forecast demand. Forecast demand again with a weighted moving average in which sales in the most recent year are given a weight of 2 and sales in the other 2 years are each given a weight of 1. Develop a trend line for the demand for fertilizer using any computer software. For these three forecasts, 3-year moving average, a weighted moving average, and a trend line, which one would you use? Explain your answer. Use exponential smoothing with a smoothing constant of 0.3 to forecast the demand for fertilizer given. Assume that last period’s forecast for year 1 is 5,000 bags to begin the procedure. Would you prefer to use the…2. Develop an aggregate plan for the following forecast Period 1 2 3 4 6 8 Total Forecast 1,200 1,200 1,400 3,000 1,200 1,200 1,200 1,200 11,600 | The company can hire additional workers in cases of high season demand (i.e periods 3 and 4). It costs P50.00 to hire and train a worker. The company is planning to hire 2 workers and train them in period 3 and deploy them to work in period 4 and fire them afterwards without any cost. со Develop an aggreagate plan using constant output from regular workers and added ouput from additional 2 workers in period 4. It costs P4.00 per unit for regular workers and P 5.00 per unit for additional workers. Backlog cost is P1.00 per unit per period. Will the present workforce able to produce the forecast? b. What is the total cost of the plan? a.1 The demand for automobiles at Crescent Auto Dealers for the past 8 weeks is as follows. Auto Week Demand 1 9. 2 11 3 8 4 12 5 10 13 7 7 8. 12 Develop a 3-week moving average forecast for Weeks 4 through 9 a Develop a 3-week weighted average forecast for weeks 4 through 9 with weights of d. What is the Naïve forecast for Week 9?
- The following table contains the demand from the last 10 months: MONTH ACTUAL DEMAND 1 2 6 7 10 3 4 5 6 7 8 9 a. Calculate the single exponential smoothing forecast for these data using an a of 30 and an initial forecast (F of 31. (Round your answers to 2 decimal places) Month 50 Month 31 4 5 6 7 b. Calculate the exponential smoothing with trend forecast for these data using and of 0:30, a 5 of 0.30, an initial trend forecast (Tof 1, and an initial exponentially smoothed forecast (F3 of 30. (Round your answers to 2 decimal places) B 9 Exponential Smoothing 10 31 34 33 35 FITI 37 36 38 40 40 41 e-2. Which is best? c-1. Calculate the mean absolute deviation (MAD) for the last nine months of forecasts (Round your answers to 2 decimal places) MAD Single exponential smoothing forecast Exponential amoothing with trend forecast Single exponential smoothing forecast O Exponential smoothing with trend forecastThe demand data for Double T Computer Services appears below. The company wants you to forecast the demand for period 4. What is your forecast using the least squares method? Period Demand 1 37 2 40 3 40 O 44.6 O 40 O 46.0 O 43.3 O 42.01 The demand for automobiles at Crescent Auto Dealers for the past 8 weeks is as follows. Week Auto Demand Weights1 9 0.12 11 0.33 8 0.64 125 106 137 78 12a Develop a 3-week moving average forecast for Weeks 4 through 9b Develop a 3-week weighted average forecast…