QUESTION TWOAn aggregate plan is to be developed for the forecast of demand covering nine periods shown inTable below. Other relevant production and cost information is also provided. Find the costassociated with an aggregate plan that involves varying the size of the work force in order to have aproduction rate that matches demand.Note: Since this plan does not allow for any inventory build-up, a decision has been made to carry 10units of safety stock, but no overtime or subcontract labour is used.Table showing Demand, production, and cost informationMonthJan. Feb. Mar. April May JuneJuly Aug. Sept.TotalForecast 40 253060 4055305030360Production informationCost informationCurrent number of workersWorker time/monthTime to produce one unit10Hiring costK600/employee160 hrsLayoff costK500/employee40 hrsRegular time costK30/hrIndividual worker outputOvertime costK45/hr(160 hr/month/40 hr/unit)Subcontract labour K50/hr4 unitscostSafety stock of inventory10 units Inventory carryingK35/periodrequiredcost

Aggregate planning is a process for creating a long-term manufacturing strategy that assures a…

Answered: An aggregate plan is to be developed…

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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Problem 2: Week Forecast Customer Orders Projected On-Hand Inventory MPS Available-to-Promise On-hand Inventory schedule production whenever projected on-hand inventory drops below MPS lot size Complete the master production schedule based on the following information 160 160 30 300 1 120 110 2 100 100 3 130 75 4 110 50 5 140 32 6 140 11 7 170 5 8 180 0
Demand forecast for product A is twenty units per week. There is a scheduled receipt of 100 units for week 3. There are orders of twenty-four for week 1, eighteen for week 2, and fifteen for week 3. If the company has a stock of fifty-six units of product, what is the projected on-hand inventory on week 27 OA 14 B.32 12 OC. 12 OD. 20 OE. None of the above.
Q7. The president of Rose Bowl Enterprises, Desmond Howard, projects the firms aggregate DEMAND requirements over the next 8 months as follows: These are the monthly DEMAND, not production. MONTH JAN FEB MAR APR MAY JUN JULY AUG DEMAND 1,400 1,600 1,800 1,800 2,200 2,200 1,800 1,800 PRODUCTION 1,600 from December INVENTORY 200 from Dec plus 200 His operations manager is considering a new plan, which begins in January with 200 units on hand. Stockout cost of lost sales is $100 per unit. Inventory holding cost is $20 per unit per month. Ignore any idle time costs. The plan is called plan A. Plan A: Vary the workforce level to execute a strategy that produces the quantity demanded in the prior month. The December demand was given as 1,600 units per month. Therefore, the production for JAN will be 1,600. However, only 1,400 are needed. Therefore, the extra 200 produced go into inventory and there is a holding cost for inventory. Also, per the above, you already have 200 units in inventory…
21. Given the forecast and booked orders shown in the table below, and a beginning inventory of 45, what is the master production schedule quantity for period 4 if you want to end period 4 with 0 inventory? Period 1 2 3 4 Forecasted Demand 70 65 60 55 Booked Orders 80 60 30 50 Projected ending inventory Master production schedule 70 60 65 Available to Promise 0 Group of answer choices 35 30 20 25
Month# Jan Feb Mar Apr May June Forecast# 1800 1500 1100 1500 2100 1600 Name Labor hours per unit (hr/unit) Initial number of workers Safety Stock (units) Working hours in a day(hr/day) Beginning inventory(units) Value 5 30 0 9 450 Month# Jan Feb Mar Apr May June Working Days available 21 21 21 21 21 19 The tables present forecasts, production, and cost information for aggregate planning. Using a level strategy with backorders to produce at average demand, now many workers are required each month? (Round up the calculated number of workers to the nearest whole number, and round the production rate to the nearest whole number
1.A firm has 77 units of a product on hand. Forecasts of demand are 26 units per week. An MPS quantity of 90 units is planned to arrive in period 3. Customer orders are 29 for period 1, 27 for period 2, and 19 for period 3.What is the projected on-hand inventory at the end of period 3? (use excel to show formulas)
What is aggregate planning?
Explain undercapacity scheduling?
What are the main distinctions between aggregate production planning and aggregate operation planning?
Course: Production Planing & Control
Prepare a master production schedule with the information given as follows. The forecast for each week of am eight week schedule is 50 units. The MPS rule is to schedule production if the projected on hand inventory would be negative without it. Customer orders are as follows. Production lot size is 75, safety stock is 10 and no beginning on hand inventory. Calculate available to promise (ATP) quantity for each period. Week Customer Orders 1 52 2 35 3 20 4 12 Period Forecast Cust.Ord. SS Proj. OH MPS ATP
Table 1. Demand of Hairdryer from January to July [Jadual 1. Permintaan Pengering Rambut dari Januari 2021 hingga Julai 2021] Month Demand January February 2800 2870 March 2968 April Мay 3000 3100 Jun 3150 July 3400 a) Calculate forecast future demand for May, June, July and August by using 3 months simple moving average.[hitung ramalan permintaan masa depan untuk bulan Mei, Jun, Julai dan Ogos dengan menggunakan purata bergerak sederhana 3 bulan.] *

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