Question: 3. Sherwin-Williams would like to develop a master production schedule for its popular Harmony Interior Acrylic Latex paint over the next 4 quarters. The quarterly

3. Sherwin-Williams would like to develop a master production schedule for its popular "Harmony Interior Acrylic Latex" paint over the next 4 quarters. The quarterly forecast (in 1000 gallons) for the "Harmony Interior Acrylic Latex" paint is provided in the table below. Sherwin-Williams has currently 30K gallons of "Harmony Interior Acrylic Latex" paint on hand. Whenever a production is scheduled in a quarter, the lot size for that production is always 8OK per quarter. As the production manager of Sherwin-Williams, using time-phased record, develop a master production schedule to minimize the ending inventory (i.e., the inventory at the end of the 4th quarter). (10 points) Quarter On Hand 1 2 3 4 Forecast 20 70 70 20 Projected Available Balance 30 MPS

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