Develop minimum cost aggregate plan and compute the total, Ask an Expert

Management Studies

All Seasons produces a variety of recreation and leisure products. The production manager has developed an aggregate forecast:
Month Mar Apr May Jun Jul Aug Sep Total
Forecast 50 44 55 60 50 40 51 350

The following information is available based on past performance:
Regular production cost $80 per unit Regular capacity 40 units/month
Overtime production cost $120 per unit Overtime capacity 8 units/month
Subcontracting production cost $140 per unit Subcontracting capacity 12 units/month
Holding cost $10 per unit/ month
Backorder cost $20 per unit/ month

Develop minimum cost aggregate plan and compute the total cost of the plan. Use regular production, inventory, overtime and subcontracting as needed. No backlog is allowed. The beginning inventory is zero. Use the following blank tables as needed.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M977241

Have any Question?Write your Review or question?

Related Questions in Operation Management

Please explore and critically think about some of the

Please explore and critically think about some of the learning outcomes and concepts presented in leading change management. Please effectively communicate how you would lead an organization (or a group of people within ...

Many companies use their brand as a competitive advantage

Many companies use their brand as a competitive advantage. Given your knowledge about the global economy, identify three brands you believe have the strongest likelihood of remaining a source of advantage in the 21st cen ...

Describe the elements of charismatic leadershipdescribe the

Describe the elements of charismatic leadership. Describe the elements of transformational leadership and its role in enacting organizational changes. What are the factors that gave rise to the development of neo-charism ...

1 as a founding entrepreneur of a small enterprise you plan

1. As a founding entrepreneur of a small enterprise, you plan to establish and maintain ethical standards at your company. In addition to developing a code of ethics, what approaches will you adopt? 2. What is glass ceil ...

1 in what mature industry did the entrepreneurial firm

1. In what mature industry did the entrepreneurial firm Method manage to change the rules and create success via sustainable strategies and design? Home furnishings Garden products Consumer packaged goods Transportation ...

Patent lawyou join the product development team of galaxy

Patent Law You join the product development team of Galaxy Enterprises Corporation as the only patent engineer. The team is working on an invention for a new telescope. One of the members presents to you the results of a ...

1 select one of the career opportunity areas prepare a

1) Select one of the career opportunity areas. Prepare a career profile for a specific career that falls within the career opportunity area you selected. The career profile should include job description, required educat ...

Place yourself in the position of wes douglas administrator

Place yourself in the position of Wes Douglas, administrator of Brannan Community Hospital. If the bank cancels the hospital's line of credit, the hospital will close. Assume you are preparing for the meeting with the ba ...

Explain the possible conflict responseresolution

Explain the possible conflict response/resolution approaches: List and describe at least three interpersonal and communication skills that are important in managing people on projects. Why is building and maintaining lev ...

1 using the advertisingsales ratio method calculate the

1. Using the advertising/sales ratio method, calculate the budget for a brand with sales of $150 million and an industry A/S ratio average of 2.2%. 2. Based on the subjective analysis, choose at least three media types y ...

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

Recent Questions

Ask Operation Management Expert