Ul each parka left unsold pproximately 8% UPs. This A Sample Problem ($112.50-S9 oduction lines, enabled To build his intuition about how to l Kong factory to produce smaller order quantities efficiently. For parkas, the mini duction quantity for a style was 1,200 units in China and 600 units in Hong Kong Obermeyer produced about 200,000 parkas each parkas' (see Table 2-20.) Since these 10 year. The maximum capacity available to the company for cutting and sewing was 30,000 units a month; this When the Buying Committee convened, Wally had asked each included the production capacity at all factories member to forecast sales so that each member's total forecast summed available to make Sport Obermeyer products. decisions, he de to look at a smaller version of e company's problem. He looked at the Committee's forecasts for the sample of 10 women's Buying to a specified aggregate figure (for parkas, 200.000 units).Similarly, the forecasts in the sample problem had been scaled to sum to 20,000 units. TABLE 2.20 SAMPLE BUYING COMMITTEE FORECASTs, 10 STYLES OF WOMEN'S PARKAS Individual forecasts Average Standard 2 x standarod ura Carolyn Greg Wendy Tom Wally forecast deviation deviation Style Pricea La 194 900 1,000 900 1,300 800 1,200 Gail 700 1,000 1,600 950 1,200 1,042 $99 $80 1,200 1,600 1,500 1,550 950 ,350 1,358 248 $90 2,500 1,900 2,700 2,450 2,800 2,800 2,525 $123 $173 2,500 1,9001,900 2,800 1,800 2,000 2,150 800 A96 Entice 340 Assault 381 900 1,000 1,100 950 1,850 1,100 800 807 Ter 404 524 Electra 1,113 Stephanie $133 Seduced 900 1,000 1,100 950 2,125 600 556 1,047 4,600 4,300 3,900 4,000 4,300 3,000 4,017 $73 1 ,349 aphne $148 1,700 3,500 2,600 2,600 2,300 1,600 2,383 20,000 20,000 20,000 20,000 20,000 20,000 20,000 $93 4,400 3,300 3,500 1,500 4,200 2.875 3,296 Anita ra Kornashiewicz was marketing directar; Carolyn Gray was customer service manager; Greg Hunter was production manager, Wendy H production coordinator; Tom Tweed was a sales representative; Wally Obermeyer was vice president. bermeyer's wholesale price. te
Ul each parka left unsold pproximately 8% UPs. This A Sample Problem ($112.50-S9 oduction lines, enabled To build his intuition about how to l Kong factory to produce smaller order quantities efficiently. For parkas, the mini duction quantity for a style was 1,200 units in China and 600 units in Hong Kong Obermeyer produced about 200,000 parkas each parkas' (see Table 2-20.) Since these 10 year. The maximum capacity available to the company for cutting and sewing was 30,000 units a month; this When the Buying Committee convened, Wally had asked each included the production capacity at all factories member to forecast sales so that each member's total forecast summed available to make Sport Obermeyer products. decisions, he de to look at a smaller version of e company's problem. He looked at the Committee's forecasts for the sample of 10 women's Buying to a specified aggregate figure (for parkas, 200.000 units).Similarly, the forecasts in the sample problem had been scaled to sum to 20,000 units. TABLE 2.20 SAMPLE BUYING COMMITTEE FORECASTs, 10 STYLES OF WOMEN'S PARKAS Individual forecasts Average Standard 2 x standarod ura Carolyn Greg Wendy Tom Wally forecast deviation deviation Style Pricea La 194 900 1,000 900 1,300 800 1,200 Gail 700 1,000 1,600 950 1,200 1,042 $99 $80 1,200 1,600 1,500 1,550 950 ,350 1,358 248 $90 2,500 1,900 2,700 2,450 2,800 2,800 2,525 $123 $173 2,500 1,9001,900 2,800 1,800 2,000 2,150 800 A96 Entice 340 Assault 381 900 1,000 1,100 950 1,850 1,100 800 807 Ter 404 524 Electra 1,113 Stephanie $133 Seduced 900 1,000 1,100 950 2,125 600 556 1,047 4,600 4,300 3,900 4,000 4,300 3,000 4,017 $73 1 ,349 aphne $148 1,700 3,500 2,600 2,600 2,300 1,600 2,383 20,000 20,000 20,000 20,000 20,000 20,000 20,000 $93 4,400 3,300 3,500 1,500 4,200 2.875 3,296 Anita ra Kornashiewicz was marketing directar; Carolyn Gray was customer service manager; Greg Hunter was production manager, Wendy H production coordinator; Tom Tweed was a sales representative; Wally Obermeyer was vice president. bermeyer's wholesale price. te
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. Using the same data given in Table 2-20, make a recommendation for how many units of each style Wally should make during the inital phase of production. Assume that all of the 10 styles in the sample problem are made in Hong Kong and that Wally's initial production commitment must be at least 10,000 units. Ignore price differences among styles in your inital analysis.
Transcribed Image Text:Ul each parka left unsold
pproximately 8%
UPs. This A Sample Problem
($112.50-S9
oduction lines, enabled To build his intuition about how to
l Kong factory to produce smaller order
quantities efficiently. For parkas, the mini
duction quantity for a style was 1,200 units in China
and 600 units in Hong Kong
Obermeyer produced about 200,000 parkas each parkas' (see Table 2-20.) Since these 10
year. The maximum capacity available to the company
for cutting and sewing was 30,000 units a month; this When the Buying Committee convened, Wally had asked each
included the production capacity at all factories member to forecast sales so that each member's total forecast summed
available to make Sport Obermeyer products.
decisions, he de
to look at a smaller version of
e company's problem. He looked at the
Committee's forecasts for the sample of 10 women's
Buying
to a specified aggregate figure (for parkas, 200.000 units).Similarly, the
forecasts in the sample problem had been scaled to sum to 20,000 units.
TABLE 2.20
SAMPLE BUYING COMMITTEE FORECASTs, 10 STYLES OF WOMEN'S PARKAS
Individual forecasts
Average Standard 2 x standarod
ura Carolyn Greg Wendy Tom Wally forecast deviation deviation
Style
Pricea La
194
900
1,000
900 1,300
800 1,200
Gail
700 1,000 1,600 950 1,200 1,042
$99
$80 1,200 1,600 1,500 1,550 950 ,350 1,358 248
$90 2,500 1,900 2,700 2,450 2,800 2,800 2,525
$123
$173 2,500 1,9001,900 2,800 1,800 2,000 2,150
800
A96
Entice
340
Assault
381
900 1,000 1,100 950 1,850 1,100
800
807
Ter
404
524
Electra
1,113
Stephanie $133
Seduced
900 1,000 1,100 950 2,125
600
556
1,047
4,600 4,300 3,900 4,000 4,300 3,000 4,017
$73
1 ,349
aphne $148 1,700 3,500 2,600 2,600 2,300 1,600 2,383
20,000 20,000 20,000 20,000 20,000 20,000 20,000
$93 4,400 3,300 3,500 1,500 4,200 2.875 3,296
Anita
ra Kornashiewicz was marketing directar; Carolyn Gray was customer service manager; Greg Hunter was production manager, Wendy H
production coordinator; Tom Tweed was a sales representative; Wally Obermeyer was vice president.
bermeyer's wholesale price.
te
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