Problem 2. You are supplied with a monthly demand forecast, an organizational policy of requiring 10% of a month's forecast as safety stock, and the number of operating days available each month. There is no inventory available at the beginning of the first month, January. The following table contains the demand requirements. 1. Beginning inventory 2. Forecasted demand 3. Safety Stock 4. 56 5. Production requirements (2+3-1) Operating days 6. Cumulative forecasted demand 7. 8. January 0 10,000 1,000 11,000 22 10,000 Cumulative production 11,000 requirements Cumulative operating days 22 February 1,000 15,000 1,500 3,000 2,700 3,000 March April May June 2,700 3,000 1,500 3,000 30,000 27,000 30,000 16,000 1,600 15,500 31,500 19 21 25,000 55,000 26,500 58,000 41 62 26,700 21 82,000 112,000 84,000 115,000 129,600 30,300 22 83 105 14,600 20 128,000 125
Problem 2. You are supplied with a monthly demand forecast, an organizational policy of requiring 10% of a month's forecast as safety stock, and the number of operating days available each month. There is no inventory available at the beginning of the first month, January. The following table contains the demand requirements. 1. Beginning inventory 2. Forecasted demand 3. Safety Stock 4. 56 5. Production requirements (2+3-1) Operating days 6. Cumulative forecasted demand 7. 8. January 0 10,000 1,000 11,000 22 10,000 Cumulative production 11,000 requirements Cumulative operating days 22 February 1,000 15,000 1,500 3,000 2,700 3,000 March April May June 2,700 3,000 1,500 3,000 30,000 27,000 30,000 16,000 1,600 15,500 31,500 19 21 25,000 55,000 26,500 58,000 41 62 26,700 21 82,000 112,000 84,000 115,000 129,600 30,300 22 83 105 14,600 20 128,000 125
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...
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 5 steps with 6 images
Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
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…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.