Wormwood, Ltd., produces a variety of furniture products. The planning committee wants to prepare an aggregate...
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Wormwood, Ltd., produces a variety of furniture products. The planning committee wants to prepare an aggregate plan for the next six months using the following information. MONTH 1 2 3 4 5 6 Demand 160 150 160 180 170 140 Capacity Regular 150 150 150 150 160 Overtime 10 10 0 10 10 160 10 Cost Per Unit Regular time $50 Overtime 75 Subcontract 80 Inventory holding, per month 4 Click here for the Excel Data File Subcontracting can handle a maximum of 10 units per month. Beginning inventory is zero. Develop a plan that minimizes total cost. No back orders are allowed. Regular capacity = Regular production. (Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter "O" wherever required.) Period Forecast Output Regular Overtime Subcontract Output Forecast - Inventory Beginning Ending Average Backlog Costs: Regular Overtime Subcontract Inventory Backlog Total 1 2 3 4 5 6 Total 160 150 160 180 170 140 960 Wormwood, Ltd., produces a variety of furniture products. The planning committee wants to prepare an aggregate plan for the next six months using the following information. MONTH 1 2 3 4 5 6 Demand 160 150 160 180 170 140 Capacity Regular 150 150 150 150 160 Overtime 10 10 0 10 10 160 10 Cost Per Unit Regular time $50 Overtime 75 Subcontract 80 Inventory holding, per month 4 Click here for the Excel Data File Subcontracting can handle a maximum of 10 units per month. Beginning inventory is zero. Develop a plan that minimizes total cost. No back orders are allowed. Regular capacity = Regular production. (Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter "O" wherever required.) Period Forecast Output Regular Overtime Subcontract Output Forecast - Inventory Beginning Ending Average Backlog Costs: Regular Overtime Subcontract Inventory Backlog Total 1 2 3 4 5 6 Total 160 150 160 180 170 140 960
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