Operation managementDo not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Do not provide Excel Screet shot rather use tool table The president of Hill Enterprises, Terri Hill, projects the firm's aggregate demand requirements over the next 8 months as follows:JanuaryMayFebruary2,3002,100JuneJulyAugustMarchApril67151,5001,7001,7001,700Her operations manager is considering a new plan, which begins in January with 200 units of inventory on hand. Stockout cost of lost sales is $100 per unit. Inventory holding cost is $20 per unit permonth. Ignore any idle-time costs. The plan is called plan C.Plan C: Keep a stable workforce by maintaining a constant production rate equal to the average gross requirements excluding initial inventory and allow varying inventory levels.Conduct your analysis for January through August.The average monthly demand requirement units. (Enter your response as a whole number)In order to arrive at the costs, first compute the ending inventory and stockout units for each month by filling in the table below (enter your responses as whole numbers)EndingInventory Stockouts (Units)200Period Month Demand Production0 December1January2February3March4April15MayJuneJulyAugust1,5001,7001,7001,7002,3002,1001,0001,5001,9001,5001,8001,8001,8001,8001,8001,8001.8001.800 Her operations manager is considering a new plan, which begins in January with 200 units of inventory on hand. Stockout cost of lost sales is $100 per unit. Inventory holding cost is $20 per unit permonth. Ignore any idle-time costs. The plan is called plan C.Plan C: Keep a stable workforce by maintaining a constant production rate equal to the average gross requirements excluding initial inventory and allow varying inventory levels.Conduct your analysis for January through August.The average monthly demand requirementunits. (Enter your response as a whole number)In order to arrive at the costs, first compute the ending inventory and stockout units for each month by filling in the table below (enter your responses as whole numbers)0EndingPeriod Month Demand Production Inventory Stockouts (Units)0 December2001JanuaryFebruaryMarchApril5 MayJuneJulyAugust2346781,5001,7001,7001,7002,3002,1001,9001,5001,8001,8001,8001,8001,8001,8001,8001,800The total stockout cost-$ (Enter your response as a whole number)The total inventory carrying cost-$ (Enter your response as a whole number)The total cost, excluding normal time labor costs, is $ (Enter your response as a whole number)

Month Demand January 1500 February 1700 March 1700 April 1700 May 2300 June 2100…

The president of Hill Enterprises, Terri Hill, projects the firm's aggregate demand requirements over the next 8 months as follows: May 2,300 June 2,100 January February March April 0 1 2 Her operations manager is considering a new plan, which begins in January with 200 units of inventory on hand. Stockout cost of lost sales is $100 per unit. Inventory holding cost is $20 per unit pe month. Ignore any idle-time costs. The plan is called plan C. Plan C: Keep a stable workforce by maintaining a constant production rate equal to the average gross requirements excluding initial inventory and allow varying inventory levels. Conduct your analysis for January through August. The average monthly demand requirement 3 4 5 6 units. (Enter your response as a whole number) In order to arrive at the costs, first compute the ending inventory and stockout units for each month by filling in the table below (enter your responses as whole numbers) 7 15 Ending Period Month Demand Production Inventory Stockouts (Units) 200 December January February March 1,500 1,700 1,700 1,700 April May June July August July August 1,500 1,700 1,700 1,700 2.300 2,100 1,000 1,500 1,900 1,500 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1.800

The president of Hill Enterprises, Terri Hill, projects the firm's aggregate demand requirements over the next 8 months as follows: May 2,300 June 2,100 January February March April 0 1 2 Her operations manager is considering a new plan, which begins in January with 200 units of inventory on hand. Stockout cost of lost sales is $100 per unit. Inventory holding cost is $20 per unit pe month. Ignore any idle-time costs. The plan is called plan C. Plan C: Keep a stable workforce by maintaining a constant production rate equal to the average gross requirements excluding initial inventory and allow varying inventory levels. Conduct your analysis for January through August. The average monthly demand requirement 3 4 5 6 units. (Enter your response as a whole number) In order to arrive at the costs, first compute the ending inventory and stockout units for each month by filling in the table below (enter your responses as whole numbers) 7 15 Ending Period Month Demand Production Inventory Stockouts (Units) 200 December January February March 1,500 1,700 1,700 1,700 April May June July August July August 1,500 1,700 1,700 1,700 2.300 2,100 1,000 1,500 1,900 1,500 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1.800

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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