EE Company has the following aggregate demand requirements and data for the upcoming four quarters. Which of the following production plans has lower cost, Plan A using chase demand or Plan B using pure level strategy or C using 1350 evel with subcontracting if needed. * Period 1 Demand Previous output 1300 units 1,400 Beginning Inventory O units Inventory holding cost Hiring workers 1,200 P10.00 1,600 P40.00 1.500 Stockout cost P50.00 12 34
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- The table below contains monthly (six months) demand estimates and working days per month. Month Demand Production Days JAN 1,500 20 FEB 1,200 24 MAR 1,000 25 APR 1,600 25 MAY 1,100 20 JUN 1,300 26 For the implementation of “Level” strategy, the average demand (in units/day) over the six- month planning horizon is equal to; a. 40 b. 50 c. 55 d. 751. Using the data provided here for problem 1. Calculate the following: 6 7 8 | 9 Week Demand 1| 2 3 4 5 2554 2333 4678 4525 2243 2988 2301 3777 3245 2122 2987 2487 2567 10 11 12 13 a. Average weekly demand. b. Target inventory for 98% Inventory Service Level for this period if you get replenished with new inventory every two weeks. Formulas used: a. b.Suppose XYZ Company has the following aggregate demand requirements and other data for the upcoming four quarters. Quarter Demand Other Data 1 1300 Previous quarter’s output 1500 Units 2 1400 Beginning Inventory 200 units 3 1500 Stock out cost 50$ per unit 4 1300 Inventory holding cost 10 $ per unit Hiring Workers 4$ per unit Firing workers 8$ per unit Unit Cost 30$ per unit Overtime 40 $ per unit Question: Which of the following production plans is better: –Plan A—chase demand by hiring and firing –Plan B—produce at a constant rate of 1200 and obtain the remainder from overtime?
- Create a level plan with a zero ending inventory for the forecast shown in the table. There is no beginning inventory and regular production capacity is 300 units. Overtime costs K15 extra and is limited to 25 units per month and subcontracting is limited to 60 units per month and costs K10 per unit. Back orders cost KS0 per unit and there is a cost of KS per month to hold a unit in inventory. What is the total plan cost? |Month January February March Forecast 250 300 400 |April 3501. Osprey Machine Works has the following demand requirements and other data for the upcoming four quarters. Quarter 1 2 Previous quarter's output 2500 units Beginning inventory Stockout (backorder) cost $50 per unit Inventory holding cost Hiring workers Laying off workers What is the total cost of pursuing a level aggregate plan over the coming year? Demand 2300 2400 2600 2100 200 units 13 14 $10 per unit at end of quarter $4 per unit $8 per unit 2. Golden Eagle Machine Works has the following demand requirements and other data for th upcoming four quarters. Previous quarter's output 2500 units Beginning inventory Stockout (backorder) cost $50 per unit Inventory holding cost Hiring workers Laying off workers What is the total cost of pursuing a chase aggregate plan over the coming year? Demand 2300 2400 2600 2100 Quarter 1 200 units $10 per unit at end of quarter $4 per unit S8 per unit10. Mention and describe what each of the 4 types of approaches to demand analysis discussed in class consists of.
- 1. David Villa Manufacturing has the following demand aggregate requirements And other data for the next four periods: Quarter Forecast 1 1400 2 1200 3 1600 4 1500 COSTS/OTHER DATA Previous quarter’s output = 1,300 cases Beginning inventory = 0 cases Stock out cost = $50 per case Inventory holding cost = $10 per case at end of quarter Hiring employees = $40 per case Terminating employees = $80 per case Subcontracting cost = $60 per case Unit cost on regular time = $30 per case Overtime cost = $15 extra per case Capacity on regular time = 1,800 cases per quarter The three initial options he wants to evaluate are: Plan A: a strategy that hires and fires personnel as necessary to meet the forecast. Plan B: a level strategy. Plan C: a level strategy that produces 1,350 cases per quarter and meets the forecast demand with inventory and subcontracting. Which strategy is the lowest-cost plan? If you are…Supply/Demand Info Predicted Sales Regular production Overtime production Subcontract production Ending inventory Hired employees Fired employees Total employees Cost variables are as follows: Cost Variables Labor cost/hour Overtime cost/ton Subcontracting costiton Holding cost ton/month Hiring cost employee Firing cost/employee Beginning Apr May 4,200 531 $20 $32 $25 $10 $3.700 $4.000 Jun 51,500 50.300 61,600 Here is some additional relevant (capacity) information: Capacity Information Total labor hours/ton Regular production tons/employee/month Max regular production (tons/month) Max overtime production (tons/month) Max subcontractor production (tons/month) 3 100 56,700 3,700 6,000 Jul Aug Sep 45,400 56.600 62,800 Given the above information (and don't overlook beginning number of employees and inventory levels in the first table), create a LEVEL production plan with only the use of regular production and no inventory left over at the end of the six-month period. What is the regular…Over the past 12 months, Super Toy Mart hasexperienced a demand variance of 10,000 units and has produced an order variance of 12,000 units.a) What is the bullwhip measure for Super Toy Mart?b) If Super Toy Mart had made a perfect forecast of demandover the past 12 months and had decided to order 1/12 ofthat annual demand each month, what would its bullwhipmeasure have been?
- ? Which of the following aggregate planning strategies cannot impact the demand 1)subcontracting 2)varying production levels . 3)changing inventory levels 4)hiring workers 5)All of theseOver the past 12 months, Super Toy Mart has experienced a demand variance of 10,250 units and has produced an order variance of 12,050 units. Part 2 a) The bullwhip measure for Super Toy Mart is ______ (round your response to two decimal places). Part 3 b) If Super Toy Mart had made a perfect forecast of demand over the past 12 months and had decided to order 1/12 of that annual demand each month, the bullwhip measure would have been ______ (round your response to the nearest whole number.)Id-6c An aggregate plan provides justification for: Select one: a. the budget amount requested b. demand for individual products c. demand for product families d. the demand for the parts of each product and. number of customers