Question

Management Instructions                                      &nbs

Management Instructions                                                                                         

            -          Ending inventory target for Period 5                                                             

            -          Backorder maximum if possible (after the first period)                                                                  

                        Regular shift production per employee per period                                                               

                        The company's production strategy keeps the regular shift fully utilized                                                               

            40       Maximum overtime production per period if needed                                               Use Overtime before Subcontractors           

            10       Maximum subcontractor production per period if needed                                                               

            32       Initial inventory                                                                      

                                                                                               

                                                                                               

Aggregate Plan                                                                                              

                                    1          2          3          4          5          Totals

Forecast                                  240     245     235     190     290    

Employees                                                                                         

                                                                                               

Output                                                                                    

            Regular                       220     220     220     220     220    

            Overtime                                                                                

            Subcontractor                                                                        

Output - Forecast                                                                                          

                                                                                               

Inventory                                                                                            

            Beginning                                                                               

            Ending                                                                        

            Average                                                                                  

Backlog                                                                                              

                                                                                               

Costs                                                                                      

            Regular           $298.00                                                                     

            Overtime         $347.00                                                                     

            Subcontractor $410.00                                                                     

            Hire / Layoff    $885.00                                                                     

            Inventory         $65.00                                                                       

            Backlog           $75.00                                                                       

                                                                                               

Total Costs     

                                                                                   

Perform the necessary calculations for a Match (Chase) Production Strategy

What is the Backlog quantity for Period 3?

What is the Backlog for Period 5?

What is the Output - Forecast Quantity for Period 2?

What is the Beginning Inventory quantity for Period 2?

What is the Beginning Inventory quantity for Period 5?

What is the cost of Overtime Production in Period 1?

What is the Cost of Inventory for Period 3?

What is the Total Cost of Period 4?

What is the cost of Backlog for Period 5?

What is the Average Inventory in Period 4?

Business   Operations-Management   
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Answer #1

Chase plan is following:

Formulas:

1 Period 2 Forecast Total 1200 245 12 240 235 190 290 Em 10 4 Output Regular Overtime Subcontract 200 180 280 10 240 240 1140 32 32 8 Output Forecast 9 Invento 10 32 Beginning Ending Average 12 13 Backlo 14 Costs 15 16 17 18 Hire/Layoff 19 Invento 20 Back orders 21 Total 16 21 Regular Overtime Subcontract 298.0059,600 71,5071,52053,64083,440339,720 9,716 347.002,7761,735 410.00 885.00 2 2 01,735 3,470 0 8,850 1,770 02,655 4,425 17,700 1,365 65.001,040 75.00 163 163 72,266 75,025 71,68358,19391,335368,501 24

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