Prepare an aggregate plan that uses inventory

Assignment Help Operation Management
Reference no: EM13725324

Given the projected demands for the next six months, prepare an aggregate plan that uses inventory, regular time and overtime, and backorders. Regular time is 150 units per month. Overtime is a maximum of 20 units per month. Overtime cost is $30 per unit, backorder cost is $20 per unit, inventory holding cost is $5 per unit, regular time cost of $20 per unit, and beginning inventory is zero.

Month Forecast

1 180

2 170

3 140

4 150

5 130

6 150

Reference no: EM13725324

Questions Cloud

Find best choice for adding to flower water to make blooms : Find best choice for adding to flower water to make blooms
Adversarial relationship with management : Do the predictors of union participation suggest that union leaders will likely be involved in an adversarial relationship with management? Please use reference material to support your perspectives.
Real interests in common outside : Mary has worked for Bob for two years. About 6 months ago, Bob asked Mary out to dinner. They had a good time together and agreed that they had some real interests in common outside of work.
What is the best way to achieve harmony in a design : What is the best way to achieve harmony in a design, What aspect of floral design do the principles of design govern
Prepare an aggregate plan that uses inventory : Given the projected demands for the next six months, prepare an aggregate plan that uses inventory, regular time and overtime, and backorders. Regular time is 150 units per month. Overtime is a maximum of 20 units per month. Overtime cost is $30 p..
Customer service representative : Scenario: You are currently employed by a national Auto Parts retail chain. You started out as a customer service representative and have moved your way up through the ranks to store manager. Recently your company has indicated that they wish to p..
Different types of evaluation techniques : Identify at least 2 different types of evaluation techniques utilized by companies and identify the purpose of or measure of each technique.
Develop the comprehensive project : Based on the below, describe the process you would use to conduct research, identify findings, and develop the Comprehensive Project and present a preliminary outline indicating how you intend to organize the project deliverable. Find a random num..
Compensation polices from piece rate systems : In framing your response, research different compensation polices from piece rate systems to hourly to salary: Identify different compensation systems and provide the benefits and disadvantages of each.

Reviews

Write a Review

 

Operation Management Questions & Answers

  Discuss court rule on joint venture

Windy City Balloon Port ran a balloon launching facility in Illinois, offering sightseeing flights in hot-air and helium balloons owned by third parties.

  How can you develop a high-performance culture

How can you develop a high-performance culture?

  Compute the contribution margin per package

Happy Ten Produces sports socks. The company has fixed expenses of $80,000 and variable expenses of $0.80 per package. Each package sells for $1.60. 1.

  Compute the single exponential smoothing forecast

Compute the single exponential smoothing forecast for this information using an ad of .30 and an initial forecast. Compute the mean absolute deviation (MAD) for each forecast.

  Forecasting exponential smoothing

The forecast for Monday was derived by observing Monday's demand level and setting Monday's forecast level equal to this demand level. Subsequent forecasts were derived by using exponential smoothing with a smoothing constant of 0.25.

  Determine the amount of fabric

The best way for her to determine the amount of fabric she needs is to forecast it based on her customer orders for each type of skirt.

  The price for the superior v has been slightly higher

In the past, the price for the Superior V has been slightly higher than similar products offered by competitors. Why would a company use this strategy

  Conclude explain how you would use these figures to monitor

Describe illustrate what project management application you might use to measure also improve the performance. Conclude explain how you would use these figures to monitor productivity over time.

  Just-in-time learning please respond to the following

just-in-time learning please respond to the following contrast the advantages and disadvantages of just-in-time

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  Illustrate what are the three basic ways to organize project

Illustrate what are the three basic ways to organize project teams? Briefly identify also describe an advantage also disadvantage for each.

  Identify and describe three limitations of relational model

Identify and describe three limitations of the relational model and recommend strategies to overcome these limitations.

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!

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