Question 1 options: Aggregate Planning Given the projected demands for the next
ID: 338144 • Letter: Q
Question
Question 1 options:
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 = $50 ). Overtime is limited to a maximum of 30 units per month (Cost per Unit =$75). Units purchased from the subcontractor (Cost per Unit = $63 ) cannot exceed 30 per month and the total purchases from the subcontractor over the 6 month period cannot be over 160 units. Backorders cannot exceed 50 units in any given month (Cost per Unit = $2 ) and must be no more than 30 in Period 6. Average Inventory Holding cost per Unit = $5. Forecasted Demand as well as Beginning and desired Ending Inventory are listed in the table below.
Month
1
2
3
4
5
6
Total
Regular Output
Overtime Output
Subcontract
Beginning Inventory
0
Total Available for Sale
Less Forecast
190
170
270
160
170
170
Plus Backlog-Current Period
Less Backlog-Previous Period
Ending Inventory
40
Average Inventory
Hint: Range (10110 ,10200 )
Total Cost Month 2 =
Hint: Range (9325 ,9515 )
Total Cost Month 3 =
Total Cost Month 4 =
Total Cost Month 5 =
Hint: Range (8700 ,8830 )
Total Cost Month 6 =
Total Cost All Periods =
Hint: Range (60590 ,61890 )
Answer Format: No Dollar ($) signs or commas --- Answers should be whole numbers.
Month
1
2
3
4
5
6
Total
Regular Output
Overtime Output
Subcontract
Beginning Inventory
0
Total Available for Sale
Less Forecast
190
170
270
160
170
170
Plus Backlog-Current Period
Less Backlog-Previous Period
Ending Inventory
40
Average Inventory
Explanation / Answer
Question 1 options:
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 = $50 ). Overtime is limited to a maximum of 30 units per month (Cost per Unit =$75). Units purchased from the subcontractor (Cost per Unit = $63 ) cannot exceed 30 per month and the total purchases from the subcontractor over the 6 month period cannot be over 160 units. Backorders cannot exceed 50 units in any given month (Cost per Unit = $2 ) and must be no more than 30 in Period 6. Average Inventory Holding cost per Unit = $5. Forecasted Demand as well as Beginning and desired Ending Inventory are listed in the table below.
Month
1
2
3
4
5
6
Total
Regular Output
Overtime Output
Subcontract
Beginning Inventory
0
Total Available for Sale
Less Forecast
190
170
270
160
170
170
Plus Backlog-Current Period
Less Backlog-Previous Period
Ending Inventory
40
Average Inventory
Hint: Range (10110 ,10200 )
Total Cost Month 2 =
Hint: Range (9325 ,9515 )
Total Cost Month 3 =
Total Cost Month 4 =
Total Cost Month 5 =
Hint: Range (8700 ,8830 )
Total Cost Month 6 =
Total Cost All Periods =
Hint: Range (60590 ,61890 )
Answer Format: No Dollar ($) signs or commas --- Answers should be whole numbers.
Month
1
2
3
4
5
6
Total
Regular Output
Overtime Output
Subcontract
Beginning Inventory
0
Total Available for Sale
Less Forecast
190
170
270
160
170
170
Plus Backlog-Current Period
Less Backlog-Previous Period
Ending Inventory
40
Average Inventory
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