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Develop an aggregate plan and input all values

Assignment Help Operation Management
Reference no: EM13970328

Consider the following scenario:
Period Forecast demand Description Cost Max. Capacity
1 2000 Regular time: $17/unit 2200/period
2 1900 Overtime $29/unit 500/period
3 2500 Subcontracting *NONE AVAIL*
4 3000 Beginning inventory *NONE*
5 2800 Holding cost of inventory $4/unit/period
6 2500 Backorder cost $9/unit/period
Develop an aggregate plan and input all values below (you may use formulas as you wish):
You MUST end period 6 with no inventory and no backorders and the object is to minimize total cost.
Period Forecast demand Planned production Qty Reg time cost OT cost Ending Inv. Qty Backorder Qty Total Cost
1 2000            
2 1900            
3 2500            
4 3000            
5 2800            
6 2500            
Total cost, periods 1-6:

Reference no: EM13970328

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