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- Trex ltd want to know the expected time of the activiry G of their company and the variance of the same where a is 4, b is 22 and m is 5 weeks respectively.The forecasted requirements for an electric hand drill for the next 6 weeks are 15, 40, 10, 20, 50, and 30 units. The marketing department has booked orders totaling 20, 25, 10, and 20 units for delivery in the first (current), second, third, and fourth weeks. Currently, 30 hand drills are in stock. The policy is to order in lots of 60 units. Lead time is one week.a. Develop the MPS record for the hand drills.b. A distributor of the hand drills places an order for 15 units. What is the appropriate shipping date for the entire order?Discuss in brief slack variables?
- Climate Control, Inc., makes expedition-quality rain gearfor outdoor enthusiasts. Management prepared a forecast ofsales (in suits) for next year and now must prepare a produc-tion plan. The company has traditionally maintained a levelworkforce strategy. All nine workers are treated like familyand have been employed by the company for a number ofyears. Each employee can produce 2,000 suits per month.At present, finished goods inventory holds 24,000 suits. Thedemand forecast follows: Use the Sales and Operations Planning with SpreadsheetsSolver in OM Explorer or develop your own spreadsheetmodels to address the following questions. a. Management is willing to authorize overtime in pe-riods for which regular production and current lev-els of anticipation inventory do not satisfy demand.However, overtime must be strictly limited to no morethan 20 percent of regular-time capacity. Managementwants to avoid stockouts and backorders and is notwilling to accept a plan that calls for shortages.…Felix & Company reports the following information. Period 1 567698AWNH 2 3 4 10 Units Produced 0 Cost equation = 460 860 1,260 1,660 2,060 2,460 2,860 3,260 3,660 Total Costs $ 4,560 3,860 4,260 4,860 3,960 4,160 8,660 16,060 4,860 10,782 Use spreadsheet software to use ordinary least-squares regression to estimate the cost equation, including fixed and variable cost amounts. per unitA production line is to run at 1000 units per month. Sales are forecast as shown inthe following. Calculate the expected period-end inventory. The opening inventory is600 units. All periods have the same number of working days.
- 15. Hiking General Store prepared the following sales budget: Month Budgeted SalesMarch $4,000April $14,000May $12,000June $16,000 The expected gross profit rate is 30% and the inventory at the end of February was $14,000. Desired inventory levels at the end of the month are 10% of the next month's cost of goods sold. What are the total purchases budgeted for April?⦁ $10,780⦁ $9,800⦁ $9,660⦁ $9,940Search for Patterns: Problem No. 1: The first week of chess club had 3 students. The second week had five students. The third week had eight students and the fourth had twelve. If this pattern continues, how many students will show up for the eight week? Problem No. 2: From the given table find the value of n if m = 50. M 1 2 3 4 5 50 N 1 3 5 7 Problem No. 3: What is the unit’s digit in the power of 7 with an exponent of 1999?CASE EXERCISE: 4. "Demand Forecasting for an Insurance Company" For the past five years, an insurance company processed an average of 25,000 insurance claims annually. In 2010, the claims processed are shown below: Category of claims processed Non-life Insurance No. of claims adjuster personnel 9 Claims Processed 9,350 Life Insurance 4,880 12 Health care Insurance 15,000 8 Since there is a direct relationship between the number of claims adjusters needed and the category of claims processed, the insurance manager referred to their past years experiences. The Manager anticipates an increase in work load because the company is acquiring a small insurance business. the following data represent the manager's projection of the number of claims to be processed next year. Non-life insurance claims Life insurance claims Health care insurance claims 12,350 10,500 21,000 Questions: 1. What demand forecasting method should the manager use? 2. Using this method, calculate the demand for claims…
- A B с D E FL ד G H J K L M N P R S T U V 1 On Week 3 Forecast 4 2 a) Smell Fresh Customer Orders hand 1 2 20 20 5 3 5 PAB 20 50 30 3222 4 5 6 7 8 Problem 6: Georgia Clay and Gravel was updating the MPS record for one of its products, Smell Fresh Cat Litter. Partially-completed MPS time-phased record is given below. 20 30 30 30 30 30 Week 10 30 50 20 40 10 Item: Smell Fresh On hand 1 6 Available to Promise 7 MPS 50 50 50 50 Forecast 20 8 MPS lot size = 50 9 20 10 On Week hand 2 3 4 5 6 7 8 9 20 53 43 78 30 30 30 30 30 3220 2233 -250 30 10 30 50 6 8 45 12 13 14 PAB 15 11 b) Smell Fresh Forecast Customer Orders Available to Promise 16 MPS 17 MPS lot size=50 18 19 20 21 23 24 222 Orders Projected available balance Available-to-promise MPS MPS Lot Size = 50. 50 20 40 10 50 50 50 a) Complete the MPS time-phased record (the first table on the left). The following events occurred during week 1: • Actual demand during week 1 was 25 units. • Marketing forecasted that 40 units would be needed for…Th e dean of the business school wants to start off eringthis program starting 32 weeks from now. Using the informationprovided in Problem 15,(a) Calculate the probability of the program starting ontime.(b) If the dean needs a 95 percent probability of being doneon time, how long can the expected project duration be?Eight Glasses A Day: The EGAD Bottling Company has decided to introduce a new line of premium bottled water that will include several designer flavors. Marketing manager Georgianna is predicting an upturn in demand based on the new offerings and the increased public awareness of the health benefits of drinking more water. She has prepared aggregate forecasts for the next six months, as shown, Month May June July Aug Sep Oct Total Forecast 50 60 70 90 80 70 420 Production manager Mark Mercer, has developed the following information. (Note: Costs are in thousands of dollars). Regular production cost: $1 per tankload Regular production capacity: 60 tankloads Overtime production cost: $1.6 per tankload Subcontracting cost: $1.8 per tankload Holding cost: $2 per tankload per month Back ordering cost: $5 per month per tankload Beginning inventory: 0 units Among the strategies being considered are: 1. Level production supplemented by up to 10 tank loads a month from overtime 2. A…