Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

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:

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91645271
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Operation Management

The firm is allergan1 does your selected business have

The Firm is Allergan 1. Does your selected business have differentiated products or services? If so, what is the basis for this differentiation from the competition? 2. Does your firm have a cost-leadership position in t ...

1 in your opinion what are some indicators of a good leader

1. In your opinion, what are some indicators of a good leader? Why are these indicators important to you? 2. Analyze the steps of knowledge discovery of data processing. Give an example. IN 200 WORDS OR MORE 3. What are ...

Big turkey burger farms btbf produces a large turkey burger

Big Turkey Burger Farms (BTBF) produces a large turkey burger that is world famous. This burger is known not only for its quality, but also its size and consistency. They produce a turkey burger that on average is 11.98 ...

Develop a 1050-word evaluation describing business

Develop a 1,050-word evaluation describing business structure and financial statements, including the following: Identify and describe the legal categories of a business organization contrasting tax-related advantages an ...

You are the president of the american association of

You are the president of the American Association of Construction Manufacturers (AACM), a trade association that represents seven hundred companies who build and sell heavy construction equipment. Members have proposed a ...

Analyze linkedins improvementchange initiatives eg six

Analyze LinkedIn's improvement/change initiatives (e.g., Six Sigma, SQM, TQM, Lean Manufacturing, JIT, Process Reengineering, High Performance Work Teams, Assessment using Malcolm Baldrige National Quality Award Criteria ...

Global supply chainscase study 2 ashmark corporation

Global Supply Chains Case Study #2: Ashmark Corporation: Dealing with Supply Disruption Ivey Publishing, Case W15358, 2015 This case study illustrates the management of external suppliers at an OEM and associated risks. ...

1 what are the key ethical issues involved in an employee

1. What are the key ethical issues involved in an employee rights topic another group presented on? 2. What kind of moral obligations should employees hold towards their employer/organization in today’s workplace? 3. How ...

Turnaround at nissanin 1999 nissan was in a state of

Turnaround at Nissan In 1999, Nissan was in a state of serious decline and had lost money in all but one of the previous eight years. Only Renault’s willingness to assume part of Nissan’s debt saved the Japanese company ...

A plant start-up is based on the following networknbsp nbsp

A plant start-up is based on the following network:                                                             Immediate                                Activity Activity                                               Pre ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As