b) What are the components of service package!S. Prepare an aggregate plan for the following information of demand forecast as given in the tablebelow.Period1Demand (units) 55249Regular Production CostOvertime production CostRegular Production capacity360457545: Rs 60 per unit: Rs 80 per unit: 50 units per period: Rs 5 per unit per periodInventory costOvertime Production capacity: 10 Units per period: Rs 150 per unit: Unlimited: Nil6607 85065955Subcontracting costSubcontracting capacityBeginning InventoryUse regular production and supplement using inventory, overtime and subcontracting.

Find the given details below: Period123456789TotalDemand (Units)554960574560506555496

Answered: Prepare an aggregate plan 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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Similar questions

Analyze the impact of demand variability on the effectiveness of the Wilson approach and propose strategies to mitigate this variability.
LMNO Gaskets has formulated a production plan for a product to meet demand over the upcoming four quarters. Demand in each of the four quarters and production, overtime, and subcontracting capacities are reported in the table below, in addition to the feasible production plan. The relevant costs are: • Regular time production cost is $10/unit. Overtime production cost is $14/unit. Subcontracting cost is $18/unit Inventory is held at a cost of $1/unit/quarter. • Units may be backordered at a cost of $4/unit/quarter. Production Resource Regular Time Q1 Overtime Q1 Subcontract Q1 Regular Time Q2 Overtime Q2 Subcontract Q2 Regular Time Q3 Overtime Q3 Subcontract Q3 Demand in Quarter Demand in Quarter Q2 0 20 0 550 Q1 550 230 0 0 0 0 40 40 0 860 250 470 0 40 0 1330 What is the inventory cost for the year? What is the backorder cost for the year? What is the total cost for the year? Q3 0 0 0 0 0 30 510 160 0 700 What is the total overtime production cost for the year? Capacity 550 250 500…
2. Aggregate planning has been described as the process of matching supply and demand over a medium time horizon. What are some ways this can be accomplished?
Vartan Information Technologies has a division called Useless Transistors. It is considering an « overhaul » of Useless Transistors’ operations or moving Useless overseas. Inventory management is receiving considerable attention. Vartan collected data for the years 2014, 2015, and a forecast for 2016. This data is provided below. What would be Useless Transistors’ weeks of supply for 2015? Projected 2014 2015 2016 Sales $127,890,000 $148,900,000 $192,340,000 Beginning Inventory $3,897,234 $5,467,983 $6,183,230 Ending Inventory $5,467,983 $6,183,230 $4,654,129 Cost of Goods Sold $16,876,400 $20,376,548 $22,346,786 Group of answer choices
#7 A toy manufacturing company has prepared its forecasted demand for the next six months. Develop an aggregate plan to meet this demand given this additional information. A level production rate of 100 units per month will be used. Backorders are allowed, and they are charged at the rate of RM10 per unit per month. Inverntory holding costs are RM2 per unit per month. Determine the cost of this plan if the regular time cost is RM20 per unit and the beginning inventory is zero. Month January February March Forecasted Demand 06 110 120 110 April Мay 100 June 90 Answer A RM12.20O 2014 - 2022 Chat With Us ENG 9.26 AM US 2/22/2022
Sapphire Aerospace operates 52 weeks per year, and its costof goods sold last year was $6,500,000. The firm carries eightitems in inventory: four raw materials, two work-in-processitems, and two finished goods. Table 12.3 shows last year’saverage inventory levels for these items, along with their unitvalues.a. What is the average aggregate inventory value?b. How many weeks of supply does the firm have?c. What was the inventory turnover last year?
Explain what ABC production analysis consists of.
10

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