1 The president of Hill Enterprises, Terri Hill, projects the firm's aggregate demand requirements over the next 8 months as follows:MayJanuaryFebruary1,5001,5002,300June2,100March1,600July1,800April1,700August1,400Her operations manager is considering a new plan, which begins in January with 200 units of inventory on hand. Stockout cost of lost sales is $65 per unit. Inventoryholding cost is $20 per unit per month. Ignore any idle-time costs. Evaluate the following plans D and E.Plan D: Keep the current workforce stable at producing 1,600 units per month. In addition to the regular production, another 20% of the normal production units can beproduced in overtime at an additional cost of $55 per unit. A warehouse now constrains the maximum allowable inventory on hand to 600 units or less.Note: Do not produce in overtime if production or inventory are adequate to cover demand.Plan DO.T.ProductionProductionEndingInventoryStockoutsMonthDemand(Units)(Units)(Units)O December1 January2001,5001,6002 February1,5001,6003 March1,6001,6004 April1,7001,6005 May2,3001,6006 June2,1001,6007 July1,8001,6008 August1.4001,600OOOOD III

The process of ordering, storing, using, and selling a company's inventory is called inventory…

Answered: Plan D O.T. Ending Inventory 200…

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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Plan D O.T. Ending Inventory 200 Production Production Stockouts Month Demand (Units) (Units) (Units) O December 1 January 1,500 1,600 2 February 1,500 1,600 3 March 1,600 1,600 4 April 1,700 1,600 5 May 6 June 7 July 8 August 2,300 1,600 2,100 1,600 1,800 1,600 1.400 1,600