Given an aggregate demand for eight periods are expected to be 400, 300, 600, 600, 500, 40 500 and 700. Cost of hiring is at Rs.100 per unit. Cost of firing is at Rs.50 per unit Subcontracting/Outsourcing cost is at Rs. 50 per unit Carrying cost is Rs. 50 per unit. In the first quarter of the year hiring/firing strategy is used. In the second quarter subcontractir and in the third quarter constant level production is used. (a) Find the system capacity for each of the above strategies? (b) Which is the best strategy for system planning?
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- The term in the airline industry may be used to refer to s situation where an empty seat is recorded on a flight. Select one: a. Marginal cost b. Overhead cost c. Marginal loss d. Revenue loss Widner Industries reports annual sales of Ghc160 million, cost of goods sold of Ghc120 million, inventory of Ghc20 million, and net income of Ghc5 million. What is Widner's annual inventory turns? Select one: a. 8 turns per year b. 6 turns per year c. 0.17 turns per year d. 4 turns per yearSupply/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…Discuss the plans that provide for variable incentives linked to a standard expressed as a time period per unit of production.
- Problem 2. You are supplied with a monthly demand forecast, an organizational policy of requiring 10% of a month's forecast as safety stock, and the number of operating days available each month. There is no inventory available at the beginning of the first month, January. The following table contains the demand requirements. 2. 3. 4. 5. 6. 7. 8. Beginning inventory Forecasted demand January 0 10,000 1,000 Safety Stock Production requirements (2+3-1) Operating days Cumulative forecasted demand Cumulative production 11,000 requirements Cumulative operating days 11,000 22 10,000 22 February March April May 1,000 1,500 3,000 2,700 15,000 30,000 27,000 30,000 1,500 3,000 2,700 3,000 15,500 19 25,000 31,500 26,700 30,300 21 22 21 82,000 112,000 55,000 26,500 58,000 84,000 115,000 129,600 41 62 83 June 3,000 16,000 1,600 105 14,600 20 128,000 125c. Compute and tabulate the daily demand for each month in the table below (round off to the nearest whole number). MONTH PRODUCTION DAYS DEMAND FORECAST DEMAND PER DAY JAN 2022 16 150 ? FEB 2022 16 150 ? MAR 2022 23 250 ? APR 2022 21 250 ? MAY 2022 22 400 ? JUN 2022 22 500 ? JUL 2022 21 600 ? AUG 2022 20 750 ? SEP 2022 20 450 ? OCT 2022 20 250 ? NOV 2022 16 150 ? DEC 2022 16 150 ? TOTAL ? ? d. Assuming that MPQ Limited had adopted a level strategy for the year ended 31 December 2022, compute the average daily demand for the year (round off to the nearest whole number). e. Prepare a graph showing the monthly forecasts and average daily forecast (in units per day) for MPQ Limited.18. You're a new hire in operations of a large laundry soap product firm. Which of the following can you expect? A. A typical life cycle of less than a year B. Suppliers selected for speed and flexibility C. Quick response to unpredictable demand D. High inventory turnover
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