***NOT INTERESTED IN PRIVATE TUTORS*** Only willing to work with Chegg members a
ID: 404074 • Letter: #
Question
***NOT INTERESTED IN PRIVATE TUTORS*** Only willing to work with Chegg members and deem points credit to those who can help through Chegg only.***(Please show work - No longer rating or offering points unless work can be proven and correct.) Tired of paying for additional chegg points and receiving wrong answers and folks are just guessing so that can get rated and rewarded points.**
Aggregate Planning
Given the projected demands for the next six months, prepare an aggregate plan that uses inventory, regular time, overtime, subcontract and backorders. Regular time is limited to 150 units per month (Cost per Unit = $60 ). Overtime is limited to a maximum of 20 units per month (Cost per Unit =$90). Units purchased from the subcontractor (Cost per Unit = $108 ) cannot exceed 60 per month and the total purchases from the subcontractor over the 6 month period cannot be over 270 units. Backorders cannot exceed 60 units in any given month (Cost per Unit = $3 ) and must be no more than 10 in Period 6. Average Inventory Holding cost per Unit = $6. Forecasted Demand as well as Beginning and desired Ending Inventory are listed in the table below.
Month 1 2 3 4 5 6 Total Regular Output Overtime Output Subcontract Beginning Inventory 30 Total Available for Sale Less Forecast 220 170 270 190 170 190 Plus Backlog-Current Period Less Backlog-Previous Period Ending Inventory 20 Average Inventory
Required:
Find the Minimum Cost Production Plan by Creating a Spreadsheet in Excel. Use Solver to find the Minimum Cost Solution. Leave a copy of your Spreadsheet in the DropBox.
Total Cost Month 1 = Hint: Range (13000 ,13100 )
Total Cost Month 2 = Hint: Range (10700 ,10820 )
Total Cost Month 3 =
Total Cost Month 4 =
Total Cost Month 5 = Hint: Range (10780 ,10820 )
Total Cost Month 6 =
Total Cost All Periods = Hint: Range (83160 ,83960 )
Answer Format: No Dollar ($) signs or commas --- Answers should be whole numbers. ***NOT INTERESTED IN PRIVATE TUTORS*** Only willing to work with Chegg members and deem points credit to those who can help through Chegg only.
***(Please show work - No longer rating or offering points unless work can be proven and correct.) Tired of paying for additional chegg points and receiving wrong answers and folks are just guessing so that can get rated and rewarded points.**
Aggregate Planning
Given the projected demands for the next six months, prepare an aggregate plan that uses inventory, regular time, overtime, subcontract and backorders. Regular time is limited to 150 units per month (Cost per Unit = $60 ). Overtime is limited to a maximum of 20 units per month (Cost per Unit =$90). Units purchased from the subcontractor (Cost per Unit = $108 ) cannot exceed 60 per month and the total purchases from the subcontractor over the 6 month period cannot be over 270 units. Backorders cannot exceed 60 units in any given month (Cost per Unit = $3 ) and must be no more than 10 in Period 6. Average Inventory Holding cost per Unit = $6. Forecasted Demand as well as Beginning and desired Ending Inventory are listed in the table below.
Month 1 2 3 4 5 6 Total Regular Output Overtime Output Subcontract Beginning Inventory 30 Total Available for Sale Less Forecast 220 170 270 190 170 190 Plus Backlog-Current Period Less Backlog-Previous Period Ending Inventory 20 Average Inventory
Required:
Find the Minimum Cost Production Plan by Creating a Spreadsheet in Excel. Use Solver to find the Minimum Cost Solution. Leave a copy of your Spreadsheet in the DropBox.
Total Cost Month 1 = Hint: Range (13000 ,13100 )
Total Cost Month 2 = Hint: Range (10700 ,10820 )
Total Cost Month 3 =
Total Cost Month 4 =
Total Cost Month 5 = Hint: Range (10780 ,10820 )
Total Cost Month 6 =
Total Cost All Periods = Hint: Range (83160 ,83960 )
Answer Format: No Dollar ($) signs or commas --- Answers should be whole numbers. Aggregate Planning
Given the projected demands for the next six months, prepare an aggregate plan that uses inventory, regular time, overtime, subcontract and backorders. Regular time is limited to 150 units per month (Cost per Unit = $60 ). Overtime is limited to a maximum of 20 units per month (Cost per Unit =$90). Units purchased from the subcontractor (Cost per Unit = $108 ) cannot exceed 60 per month and the total purchases from the subcontractor over the 6 month period cannot be over 270 units. Backorders cannot exceed 60 units in any given month (Cost per Unit = $3 ) and must be no more than 10 in Period 6. Average Inventory Holding cost per Unit = $6. Forecasted Demand as well as Beginning and desired Ending Inventory are listed in the table below.
Month 1 2 3 4 5 6 Total Regular Output Overtime Output Subcontract Beginning Inventory 30 Total Available for Sale Less Forecast 220 170 270 190 170 190 Plus Backlog-Current Period Less Backlog-Previous Period Ending Inventory 20 Average Inventory
Required:
Find the Minimum Cost Production Plan by Creating a Spreadsheet in Excel. Use Solver to find the Minimum Cost Solution. Leave a copy of your Spreadsheet in the DropBox.
Total Cost Month 1 = Month 1 2 3 4 5 6 Total Regular Output Overtime Output Subcontract Beginning Inventory 30 Total Available for Sale Less Forecast 220 170 270 190 170 190 Plus Backlog-Current Period Less Backlog-Previous Period Ending Inventory 20 Average Inventory Hint: Range (13000 ,13100 )
Total Cost Month 2 = Hint: Range (10700 ,10820 )
Total Cost Month 3 =
Total Cost Month 4 =
Total Cost Month 5 = Hint: Range (10780 ,10820 )
Total Cost Month 6 =
Total Cost All Periods = Hint: Range (83160 ,83960 )
Answer Format: No Dollar ($) signs or commas --- Answers should be whole numbers. Month 1 2 3 4 5 6 Total Regular Output Overtime Output Subcontract Beginning Inventory 30 Total Available for Sale Less Forecast 220 170 270 190 170 190 Plus Backlog-Current Period Less Backlog-Previous Period Ending Inventory 20 Average Inventory
Explanation / Answer
http://hodgesh.people.cofc.edu/DSCI304/Solutions/16%20Solutions.pdf
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