Principles Of Operations Management
11th Edition
ISBN: 9780135173930
Author: RENDER, Barry, HEIZER, Jay, Munson, Chuck
Publisher: Pearson,
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Chapter 14, Problem 22P
Summary Introduction
To develop: a lot for lot requirements plan and calculate the total costs.
Introduction:
Lot for lot:
The lot for lot method of requirements plan is the process where the planned order release will be equal to the net requirement of the period.
Net requirements plan:
The net requirements plan is the plan which is established on the gross requirements plan formed by deducting the stock on and the
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Shown below is a partially completed MPS record for ball bearings.
Part 2
a. Develop the MPS for ball bearings. (Enter your responses as integers. A response of "0" is equivalent to being not applicable.)
Item: Ball bearings
Order Policy: 500 units
Lead Time: 1 week
Quantity
on Hand: 400
Week
1
2
3
4
5
6
7
8
9
10
Forecast
550
350
350
450
250
300
250
350
400
350
Customer orders (booked)
300
350
250
300
150
150
150
150
100
50
Projected on-hand inventory
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MPS quantity
500
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Each Triam Deluxe gamer computer system consists of two speakers, a monitor, a system unit, a keyboard, and an
installation kit. These pieces are packed together and shipped as a complete kit. In MRP terms, all of these items are
level 1 items that make the level 0 kits. Complete the MRP records, using the following information:
• Production plans for complete kits are as follows:
Start assembling 4,500 kits in week 2
Start assembling 1,000 kits in weeks 3, 4, and 5
Start assembling 8,000 kits in week 6
• The gross requirements for the system unit have already been given to you. For the remaining items, you will
need to figure out the gross requirements.
• All scheduled receipts, lead times, and beginning inventory levels are shown.
Click the icon to view the MRP records.
Construct the material requirements plan for item System unit (enter your responses as whole numbers).
System unit: Lead Time = 1 week; Minimum order quantity = 3,500
Week
1
2
3
Gross requirements
4,500
1,000…
Chik’s Chickens has accounts receivable of $5,733. Sales for the year were $9,200. What is its average collection period?
Note: Use 365 days in a year. Do not round intermediate calculations. Round your final answer to the nearest whole number.
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Chapter 14 Solutions
Principles Of Operations Management
Ch. 14 - Ethical Dilemma For many months your prospective...Ch. 14 - What is the difference between a gross...Ch. 14 - Prob. 2DQCh. 14 - What are the similarities between MRP and DRP?Ch. 14 - How does MRP II differ from MRP?Ch. 14 - Which is the best lot-sizing policy for...Ch. 14 - What impact does ignoring carrying cost in the...Ch. 14 - MRP is more than an inventory system; what...Ch. 14 - What are the options for the production planner...Ch. 14 - Master schedules are expressed in three different...
Ch. 14 - What functions of the firm affect an MRP system?...Ch. 14 - Prob. 11DQCh. 14 - Prob. 12DQCh. 14 - Prob. 13DQCh. 14 - Prob. 14DQCh. 14 - As an approach to inventory management, how does...Ch. 14 - Prob. 16DQCh. 14 - Use the Web or other sources to: a) Find stories...Ch. 14 - Prob. 18DQCh. 14 - Prob. 19DQCh. 14 - You have developed the following simple product...Ch. 14 - You are expected to have the gift bags in Problem...Ch. 14 - Prob. 3PCh. 14 - Your boss at Xiangling Hu Products, Inc., has just...Ch. 14 - The demand for subassembly S is 100 units in week...Ch. 14 - Prob. 6PCh. 14 - Prob. 7PCh. 14 - Prob. 8PCh. 14 - Prob. 9PCh. 14 - Prob. 10PCh. 14 - Prob. 11PCh. 14 - Prob. 12PCh. 14 - Prob. 13PCh. 14 - Prob. 14PCh. 14 - You are product planner for product A (in Problem...Ch. 14 - Prob. 16PCh. 14 - Prob. 17PCh. 14 - Heather Adams, production manager for a Colorado...Ch. 14 - Prob. 19PCh. 14 - Prob. 20PCh. 14 - Prob. 21PCh. 14 - Prob. 22PCh. 14 - Data Table for Problems 14.22 through 14.25 ...Ch. 14 - Develop a POQ solution and calculate total...Ch. 14 - Using your answers for the lot sizes computed in...Ch. 14 - M. de Koster, of Rene Enterprises, has the master...Ch. 14 - Grace Greenberg, production planner for Science...Ch. 14 - Prob. 28PCh. 14 - Prob. 29PCh. 14 - Prob. 30PCh. 14 - Courtney Kamauf schedules production of a popular...Ch. 14 - Using the data for the coffee table in Problem...Ch. 14 - Prob. 1CSCh. 14 - Prob. 2CSCh. 14 - Prob. 1.1VCCh. 14 - Prob. 1.2VCCh. 14 - Prob. 1.3VCCh. 14 - Prob. 2.1VCCh. 14 - Prob. 2.2VCCh. 14 - Prob. 2.3VC
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- Scatter Diagrams and High-Low Cost Estimation Assume the local Pearle Vision has the following information on the number of sales orders received and order-processing costs. Month Sales Orders Order-Processing Costs 3,000 $ 165,400 1,500 100,750 4,400 241,400 2,800 163,800 2,300 139,550 1,200 86,200 2,000 125,000 1 2 3 4 5 6 7 Required (a.) Use information from the high- and low-volume months to develop a cost-estimating equation for monthly order-processing costs. $ 28,000 + $48.5 X (b.) Plot the data on a scatter diagram. Using the information from representative high-and low-volume months, develop a cost estimating equation for monthly order-processing costs. If needed, an Excel worksheet is provided in the following link in order to create the scatter diagram: Scatter_Diagram $ 15,000 X+ $53.14 X Xarrow_forwardComplete the MPS record below for an end item. (Enter your responses as integers. A response of "0" is equivalent to being not applicable.) Order Policy: 100 units Lead Time: 2 weeks Quantity on Hand: 80 Week 1 2 3 4 5 6 7 8 9 10 Forecast 25 25 35 45 25 20 45 55 Customer orders 25 30 7 11 (booked) Projected on-hand inventory MPS quantityarrow_forwardSetting Product Availability under capacity constraints When capacity is constrained, where should the relatively higher fraction of capacity be used: the higher markgin product or lower margin product. Sweater High end Low end Mean 1000 2000 Why? St. Dev. 300 400 Cost $50 $40 Selling Price $150 $100 Salvage Value $35 $25 Cu C_o CSL Q* Actual Q Actual CSL Marg. Cont.arrow_forward
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