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Wormwood, Ltd., produces a variety of furniture products. The planning committee wants to pre pare an aggregate plan for the next six months using the following information: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, 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 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.
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 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 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.
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.
Use steady regular output of 400 units per month, use overtime as needed for up to 40 units per month, and use subcontracting to make up any needed output to match the forecast.
A manager would like to know the total cost of a chase strategy that matches the forecast below using a steady regular production rate of 200 units a month, a maximum of 20 units per month of overtime, and subcontracting as needed to make up any s..
Which would increase regular output to a steady 350 units a month, not using any overtime, and using subcontracting to make up needed output. Determine the total cost of thatplan.
Service operations often face more difficulty in planning than their manufacturing counterparts. However, service does have certain advantages that manufacturing often does not. Explain service planning difficulty, and the advantages and disadvant..
Choose three of the food and beverage management opportunities discussed in the book and describe three unique challenges and three successful managerial characteristics for each.
do some research regarding ethics and codes of conduct. then write an original students code of conduct that you think
Discuss some of the key considerations for a logistics manager who is designing and implementing a logistics measurement system in his or her organization.
The Carrington Oil Company blends regular and premium products from two types of crude oil, heptane (H) and octane (O). Each liter of regular is composed of at least 50% H. Each liter of premium is composed of at least 40% H. During this planning per..
Can the basic interpersonal communication model be used as an aid in understanding the impact of smartphone usage? If so,how? How have smartphones transformed the way in which business people communicate with regards to fulfilling their job responsib..
Find the optimal stocking level for the turkey for the Thanksgiving week and the expected profit based on the optimal stocking level.
Explain the consequences of task time variability on line balancing.
Nucor Steel, which has an operation in Auburn, New York, is an enigma of sorts. It has the highest paid employees in the steel industry. At the same time it has the lowest labor costs per ton of steel produced than any other player in the industry. ..
Identify the voluntary-relief organizations in your region that could be important during a disaster or emergency event. How well does the local government and community collaborate with these organizations? How could relationships with these organiz..
Evaluate how alternative multilateral systems for pegging exchange rates work. Explain how the goals of internal and external balance motivate economic policy makers in open economies.
How does a Kanban system overcome this disadvantage. How exactly does a Kanban system of visual scheduling work
Mentors can play a very important role in a person's career. Describe an occasion where you were mentored or mentored someone else. Was the mentoring incident beneficial? Why or why not? What was gained or not gained from the mentoring?
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