Ram Roy's firm has developed the following supply, demand, cost, and inventory data.Supply AvailablePeriod1W N3RegularTime303540Overtime151520Initial inventoryRegular-time cost per unitOvertime cost per unitSubcontract101010Subcontract cost per unitCarrying cost per unit per month20 units$100$160$250$2DemandForecast405560Assume that the initial inventory has no holding cost in the first period and backordersare not permitted.Allocating production capacity to meet demand at a minimum cost using thetransportation method, the total cost is $ (enter your response as a whole number).

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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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1. Katherine is a forecast manager. She used exponential smoothing to forecast her sales with alpha equals 0.25. Her forecast for this week was 161 but the actual number is 232. What is her forecast for next week?2. Blue Pad Companyâ€™s lead time L is1week and demand rate is119units per week.Holding cost is $29 per unit and ordering cost is $281. Assume 52 weeks in a year.What is the EOQ? Keep two decimal points!3.Blue Pad Companyâ€™s lead time L is3week and demand rate is123units per week.Holding cost is $70 per unit and ordering cost is $726. Assume 52 weeks in a year.What is the ROP?4. Lugini Watchâ€™s annual demand is 107. It can produce at a rate of 19 watches per month with a $249 setup cost for the production run. Find the order quantity (EPQ) assuming carrying cost is $57 per unit a year. Keep two decimal points!5. Lugini Watchâ€™s annual demand is 108. It can produce at a rate of 24 watches per month. Using the…
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Ram Roy's firm has developed the following supply, demand, cost, and inventory data. Supply Available Period 1 2 2 Regular Time 30 35 10 Overtime 15 15 20 Subcontract 10 10 10 Demand Forecast 40 55 60