What is mrp and what are the mrp inputs and outputs

Assignment Help Microeconomics
Reference no: EM131053211

Question 1.

a. What is aggregate planning and how long is the planning horizon? What demand and capacity manipulators do we use? A manager has prepared a forecast of expected aggregate demand for the next six months. Develop an aggregate plan to meet this demand given this additional information: A level production rate of 100 units per month will be used with regular output. Backorders are allowed, and they are charged at the rate of $8 per unit per month. Inventory holding costs are $1 per unit per month. Determine the cost of this plan if regular time cost is $2 per unit and beginning inventory is zero. Expected demand: 80,100,120,120,100,80

b. What is disaggregation? What are the inputs and outputs for master production scheduling? Prepare a master schedule based on the following information: Week: 1,2,3,4,5,6,7,8. Forecast: 100,100,120,120,150,150,180,180. Customer orders: 106,94,65,40,21,9,2,0. Beginning inventory: 145: Schedule production whenever projected-on-hand drops below 20. Production lot size is 250 units.

Quesiton 2. What is MRP? What are the MRP inputs and outputs? Explain the MRP process and give a short example (make up your own data).

Quesiton 3. What are the main goals, supporting goals, and building blocks of JIT?

Question 4. Talk about scheduling and give short examples of loading with the Hungarian method and sequencing with two priority rules and one performance measure (make up your own data).

Reference no: EM131053211

Questions Cloud

Exercise sensitivity and professionalism : Taking a patient's reproductive health history requires that the medical assistant demonstrate sensitivity and professionalism. What are some specific steps you can take to exercise sensitivity and professionalism when taking patients' reproductive..
How did the company react when the attack went public : You have been hired as a student intern in the IT Department at Athens State University. A current goal of the University is to more fully minimize security threats and prevent breaches. To accomplish this, they have asked you to research the "maj..
Write down expression for supply curve for individivisual : Write down an expression for the supply curve for an individual domestic headband producer. If there is perfectly free international trade in sweat-trapping headbands, what will be the market price of a headband in the U.S.? How many headbands will b..
Pros and cons regarding the act and practical and political : Discuss the legal pros and cons regarding the Act and the practical and political realities associated with ESSA as well as how this is all being affected by the reform. Will your state take advantage of the flexibility from ESSA? If so, what do y..
What is mrp and what are the mrp inputs and outputs : What is MRP? What are the MRP inputs and outputs? Explain the MRP process and give a short example - what are the main goals, supporting goals, and building blocks of JIT?
What method of entering the global marketplace is nissan : What are the benefits for Nissan if it succeeds in expanding to emerging markets like India, Russia, and Indonesia? In addition to income and financial resources, what other elements of the external environment does Nissan need to take into conside..
Income statement accounts-description and details : 2. Income statement accounts-Description and details. Use 10k report. 1. Make a list of all income statment accounts. (1) Define each account;
Sociological imagination and use sociological theories : Apply a sociological perspective to the social world. Analyze contemporary social issues using the sociological imagination and use sociological theories and concepts to analyze everyday life. Recognize and define social structure and social intera..
Describe in detail how this organization manages : Describe in detail how this organization manages the components of its IT infrastructure. In what ways does the organization demonstrate successful collaboration? Identify at least two types of hardware and two types of software used by this organ..

Reviews

Write a Review

Microeconomics Questions & Answers

  Higher interest rates less capital invested

Which of these four scenarios are most important today? Your answer may include more than one scenario.

  Use this equation to show and explain young theorem

The great philosopher Rogers once said that you need holding knowledge (H), folding knowledge (F), and economics knowledge (E).Therefore, overall knowledge (K) can be expressed as

  How would you rationalize your ?nding

Now plot both the male and female labor participation rates against average hourly earnings (in 1982 dollars). (You may use separate dia- grams.) Now what do you ?nd? And how would you rationalize your ?nding?

  Price elasticity of demand facing you in your scenario

a. each individual determinant analyzed for your situation with examples applicable to your situation and research

  Calculate the lerner index

Recently, Pfizer and Warner-Lambert agreed to a ninety billion dollar merger, thus creating one of the world's biggest pharmaceutical firms. Pharmaceutical firms tend to expend a greater percentage (%) of sales on R&D activities than other industries..

  Calculate the iterest rate that udwellum should pay

Suppose that the goverment of the city of Udellum, wich has a Baa credit ratng issues a bond with the same time to maturity in a market that is just as liquid as the market for corporate bonds. Suppose that investors have a federal tax rate of 30 ..

  A price elasticity of demand equal

A price elasticity of demand equal to – 0.4 indicates that a

  Draw a graph showing the optimal size of the park

Draw a graph showing the optimal size of the park. Be sure to label the curves on the graph. Briefly explain why a park of 2 acres is not optimal. 4.5 Commercial whaling has been described as a modern example of the tragedy of the commons. Briefly ..

  What is the quantity of households

What is the quantity of households that would subscribe at a price of $0?

  Describe the impact of a change in slope of phillips curve

Describe the impact of a change in the slope of the Phillips Curve on the AD curve, the SRAS curve, and the LRAS curve.

  The market for all other similarly-skilled labor services

the 2010 deep water horizon oil spill in the gulf of mexico caused a huge increase in the number of workers hired to

  How much pollution reduction

Appalachian Coal Mining believes that it can increase labor productivity and, there­fore, net revenue by reducing air pollution in its mines. It estimates that the marginal cost function for reducing pollution, How much pollution reduction should App..

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