Prepare a master schedule given this information: The forecast for each week of an eight-week schedule is 60units. The MPS rule is to schedule production if the projected on-hand Inventory would be negative without it.Customer orders (committed) are as follows:Week123Customer Orders54382520Use a production lot size of 73 units and no beginning inventory. (In the ATP row, enter a value of 0 (zero) In anyperlods where ATP should not be calculated. Leave no cells blank - be certain to enter "0" wherever required.)JuneJulyMPSATPForecastCustomer OrdersProjected On-Hand Inventory60542603836025460205600660076008600

The forecasting method is the one that is used by businesses for determining the value of goods and…

Answered: Prepare a master schedule given this…

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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The historical data for 4 perlods demand are 65, 60, B0, ond 70respectively Calculate the weighted moving verae (WMA) forecast of perlod 5 with welghts (0,4, 0,6)
7. Nowjuice, Inc., produces Shakewell fruit juice. A planner has developed an aggregate forecast for demand (in cases) for the next six months. Month May Jun Jul Forecast 4,000 4,800 5,600 Aug Sep 7,200 Oct 6,400 5,000 Use the following information to develop aggregate plans. Regular production cost Regular production capacity Overtime production cost Subcontracting cost Holding cost Beginning inventory $10 per case 5,000 cases $16 per case $20 per case $1 per case per month 0 Develop an aggregate plan using each of the following guidelines and compute the total cost for each plan. Which plan has the lowest total cost? a. Use level production. Supplement using overtime as needed. b. Use a combination of overtime (500 cases per period maximum), inventory, and subcontracting (500 cases per period maximum) to handle variations in demand. c. Use overtime up to 750 cases per period and inventory to handle variations in demand.
Specialty Toys, Inc., sells a variety of new and innovative children's toys. Management learned that the preholiday season is the best time to introduce a new toy, because many families use this time to look for new ideas for December holiday gifts. When Specialty discovers a new toy with good market potential, it chooses an October market entry date. In order to get toys in its stores by October, Specialty places one-time orders with its manufacturers in June or July of cach year. Demand for children's toys can be highly volatile. If a new toy catches on, a sense of shortage in the marketplace often increases the demand to high levels and large profits can be realized. However, new toys can also flop, leaving Specialty stuck with high levels of inventory that must be sold at reduced prices. The most important question the company faces is deciding how many units of a new toy should be purchased to meet anticipated sales demand. If too few are purchased, sales will be lost; if too many…
This process is used in business or manufacturing to predict their future requirements Select one: a. Plant Layout b. Capacity Study c. Forecast d. Scheduling
A Dallas, TX-based manufacturer of small gasoline engines has developed monthly forecasts for a family of lawnmowers. Data for the 6-month period from January to June is presented in the table below. The firm would like to use an aggregate plan. MONTH Expected Demand Production Days Jan. 800 22 Feb. 700 18 Mar. 800 24 Apr. 1,200 25 May 1,600 26 June 1,900 26 One possible strategy for the manufacturer is to maintain a constant workforce throughout the 6-month period. The information below provides the cost information necessary for analyzing this alternative. Inventory carrying cost $3.00 Subcontracting cost per unit $15.00 Average pay rate $12.00 Daily pay rate = $96.00 Overtime pay rate $18.00 Labor-hours to produce a unit 2.2 Cost of increasing daily production rate (hiring and training) $200.00 Cost of decreasing daily production rate (layoffs) $350.00 The number of units produced per day = 45 and we have a constant workforce, no overtime or…
1. Develop an aggregate plan for the following forecast Period 3 4 5 6 7 Total 1 2 8 Forecast 190 230 260 280 210 170 160 260 180 1,940 There are 20 workers who can produce 10 units per period at a cost of P6.00 per unit. There is no beginning invetory and the cost of carrying inventory is P5.00 per unit per period. Backlog cost is P10.00 per unit per period. Will the present workforce able to produce the forecast? b. What is the total cost of the plan? a.
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The operations manager has compiled data on demand for the two most popular books from order records for the previous 14 months, as shown in the table below. Study the forecast figures for ‘JHS Science Textbook’ from the table and determine if a demand pattern is obvious, and hence prepare a monthly forecast for the next four months for this product. Briefly explain why you chose the particular method used for this forecast. Month JHS Science Textbook (cartons) SHS Math Textbook (cartons) 1 50 40 2 54 38 3 57 41 4 60 46 5 64 42 6 67 41 7 90* 41 8 76 47 9 79 42 10 82 43 11 85 42 12 87 49 13 92 43 14 96 44 *Unusual order due to flooding of a major distributor’s warehouse.
Assume an initial starting Ft of 200 units, a trend (Tt ) of 8 units, an alpha of 0.30, and a delta of 0.40. If actual demand turned out to be 288, calculate the forecast including trend for the next period.
The company Customer First A-to-Z uses a make to stock strategy. Product A is thecompany’s main product. The forecast for Product A, the accepted customer ordersand the master production schedule is shown below. The company presently has150 units on hand and a fixed master production schedule quantity of 80 units isused. Product A Forecast Customer Orders MPS Week Quantity Week Quantity Week Quantity 1 60 1 45 1 2 60 2 66 2 80 3 60 3 55 3 4 60 4 65 4 5 60 5 40 5 6 60 6 22 6 7 60 7 10 7 8 60 8 5 8 9 60 9 4 9 10 60 10 2 10 Required:A. Help the master production scheduler to fill in the master schedule calculationtable shown below, by using the forecast, the customer orders and the plannedproduction of product A. 1 2 3 4 5 6 7 8 9 10 Ft Dt EIt-1 Pt EIt ATPt B. The marketing department has accepted an…

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