User Account

All Pages

Develop an aggregate plan using each of the following

Assignment Help Operation Management
Reference no: EM13922910

Summer Fun, Inc., produces a variety of recreation and leisure products. The production manager has developed an aggregate forecast:

Develop an aggregate plan using each of the following guidelines and compute the total cost for each plan. You will need extra output in April and August to accommodate demand in the following months.
a. Use regular production. Supplement using inventory, overtime, and subcontracting as needed. No backlogs allowed.
b. Use a level strategy. Use a combination of backlogs, subcontracting, and inventory to handle variations in demand. There should not be a backlog in the final period.

Reference no: EM13922910

Questions Cloud

Financial statements : As the comptroller of a hospital, you were just informed that one of the surgeons failed to remove an instrument from a patient's innards. The hospital is certain to be sued. How should this information affect the hospital's financial statements?
Decline and erratic trend in cash flows from operations : John Young is a new assistant controller at Richmond Electronics, a large regional consumer electronics chain. Before John's recruitment, he was aware of Richmond's long trend of moderate profitability. The reports on his desk confirm the slight, but..
Subcontracting can handle a maximum : Subcontracting can handle a maximum of 10 units per month. Beginning inventory is zero. Develop a plan that minimizes total cost. No back orders are allowed. Regular capacity Regular production.
Use a combination of overtime inventory : Use a combination of overtime  inventory, and subcontracting to handle variations in demand. Use overtime up to 750 cases per period and inventory to handle variations indemand.
Develop an aggregate plan using each of the following : Develop an aggregate plan using each of the following guidelines and compute the total cost for each plan. You will need extra output in April and August to accommodate demand in the following months.
Market rate of interest : Record the issue of bonds with a par value of $26,000 cash on January 1, 2013. Assume that the market rate of interest at the date of issue is 14%.
Develop a chase plan that matches the forecast : Develop a chase plan that matches the forecast and compute the total cost of your plan. Over time is $ 60 per hundred bolts. Regular production can be less than regular capacity.
Compare the costs to a level plan that uses inventory : Compare the costs to a level plan that uses inventory to absorb fluctuations. Inventory carrying cost is $ 2 per engine per month. Backlog cost is $ 90 per engine per month. There should not be a backlog in the lastmonth.
Modify your plan from part a to accommodate that new : Suppose now that backlogs are not allowed. Modify your plan from part a to accommodate that new condition as economically as possible. The limits on overtime and subcontracting remain the same.

Reviews

Write a Review

Operation Management Questions & Answers

  What are the priciples of management for an organisation

What are the priciples of management for an organisation formulated by taylor's ?

  Compare the company values with your own core values

Find three corporate vision statements and/or mission statements on the web. What values do they represent, either explicitly or implicitly?  Would you want to work for these companies?  Why or why not?  Compare the company values with your own core ..

  Explain little''s law and how it can be used

Define a process and basic process measures such as cycle time and utilization.

  Management of small shipments can be an important strategy

The authors of your text state that the management of small shipments can be an important strategy for shippers who are trying to improve their performance. Explain.

  . explain how does facility layout impact your analysis

Decide the hourly capacity of each process stage and the number of machines needed to meet an output rate of 50,000 units per hour. Explain how does facility layout impact your numerical analysis and process efficiency. Explain.

  Ethics affect global organizational performance

Globalization contributed to more complex cultural and ethical issues. Is it possible for a company operating in many different countries to have a cohesive corporate culture? Why or why not? Is it possible for that company to have uniform ethical va..

  What is the current maximum output of the process

What is the current maximum output of the process per day (assuming every patient requires glasses). If another person were added, where would be the logical place

  Collection instruments-sampling methods-statistical method

Summarize each of the data collection instruments, sampling methods, and statistical methods. What are the strength and weakness of each sampling approach? What specific situations would you use each of the instruments and designs? What are the stren..

  Define a content management system

1. Identify and discuss at least three key features of an effective knowledge management system. 2. Define a Content Management System (CMS) and compare Microsoft SharePoint with an open source CMS.

  Identify some other multilateral dependencies

You are a custom car importer and your organization has a reputation for delivering "on-time" and "on-budget." The ship on which your client's car is being transported sinks. Is this a disaster or is it something that is treated as a measure of doing..

  Evaluating options regarding his production equipment

A manufacturer is evaluating options regarding his production equipment. He is trying to decide whether he should refurbish his old equipment for $70,000, make major modifications to the production line for $135,000, or purchase new equipment for $23..

  How traditional occupational-industrial safety inspections

Discuss how traditional occupational and industrial safety inspections and worksite monitoring programs interface with system safety effort

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd