Product categories usually listed in the master production schedule contain all of the following except: Question 7 options: a. firm customer orders b. sales forecasts c. spare parts d. production rates
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Question 7 options:
a.
|
firm customer orders
|
b.
|
sales
|
c.
|
spare parts
|
d.
|
production rates
|
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- Q6) Tracking signals track changes in control limits can lead to an increase in cumulative errors can capture changes in trends track changes in demand updates none of the above Q7) In an inventory problem, the fixed ordering costs are increased but all other factors remain the same. This change will increase the optimum order quantity change the demand pattern reduce the optimum order quantity change the stockout costs increase the optimum lead time Q8) In an MRP system, the lead time to acquire or produce components is used in calculating net requirement from gross requirements net requirements from available planned order releases from planned order receipts lot sizes for scheduled orders none of the aboveProduct A Order Qty = 400 Order Lead Time = 2 Forecast Demand Scheduled Receipts Projected Available Inventory 400 Planned Order Receipts Planned Order Releases 1 300 OD 4, 6, 2 300 400 Sketch and fill in the grid on scrap paper to use on upcoming questions In what periods would you incur a planned order release? OA 1.3, and 4 2.4, and 5 OC 3,5, and 6 and 7 3 300 PERIODS 4 300 5 300 6 300 7 100 8 100Consider the following information. PART X Gross Requirements Scheduled Receipts Projected On-Hand Inventory 100 Q = 60, LT= 3 weeks, Safety Stock = 5 1 70 70 PART X Gross Requirements Scheduled Receipts Projected On-Hand Inventory 100 Planned Order Releases 1 70 70 100 2 0 > X WEEK 3 40 Compute the planned order releases and projected on-hand inventory for component part X. Round your answers to the nearest whole number. If your answer is zero, enter "0". 2 0 4 0 100 WEEK 3 40 5 160 60 4 0 40 0 X 5 160 Check My Work -60 0
- Franklin Tooling, Inc., manufactures specialty tooling for firms in the paper-making industry. All of their products are engineer-to-order and so the company never knows exactly what components to purchase for a tool until a customer places an order. However, the company believes that weekly demand for a few components is fairly stable. Component 135.AG is one such item. The last 26 weeks of historical use of component 135.AG is recorded below. Week Demand Week Demand 1 2 3 4 5 6 7 8 9 10 11 12 13 137 136 143 136 141 128 149 136 134 142 125 134 118 14 15 16 17 18 19 20 21 22 23 24 25 26 131 132 124 121 127 118 120 115 106 120 113 121 119 Use OM Explorer’s Time Series Forecasting Solver to evaluate the following forecasting methods. Start error measurement in the fifth week, so all methods are evaluated over the same time interval. Use the default settings for initial forecasts.i. Naïve (1-Period Moving Average)ii. 3-Period Moving Averageiii. Exponential Smoothing,…A cost that changes with the level of output is called a(n) _____. Question 41 options: a) liquid cost b) independent cost c) variable cost d) indirect costMultiple choice need help in completing question 8 and 14. 8. The just-in-time inventory system increases: a. Centralized support b. The number of costs to allocate c None of these are correct 14.Costs incurred due to reduced product yield are: a. Appraisal costs b. Internal failure costs c. External failure costs
- |Product D is stocked only at the AMC Chemical Company's Dallas warehouse and at the company's plant warehouse in Akron. The sales director has forecast product sales from the Dallas warehouse to be 40 units per week for the next 8 weeks. Product D is manufactured at the firm's Akron plant using 2 units of ingredient X per unit of product D. Information: Ingredient X Projected available balance: 4 Units Schedule receipt in week 1: 320 units Safety stock quantity: 2 Product D in Dallas Product D in Plant Warehouse Warehouse Projected available balance: 85 Units Safety stock quantity: 5 units Lead time: 2 weeks Lot for lot size quantity Projected available balance: 2 Units Schedule receipt in week 1: 46 units Safety stock quantity: 8 units units Lead time: 1 week Lead time: 4 weeks Lot for lot size quantity Lot size quantity: 320 units Prepare the DRP records for product D at the Dallas warehouse and the plant warehouse as well as the MRP record for ingredient X (Assume ingredient X is…(a) Give examples of independent and related dependent demand (b) APL company assembles and sales an electronics device (ED) on a contract basis. End item ED has composed of 3 units of subassembly BG and 5 units of component DD. BG is assembled using 3 DDs and 4 FCs. There are orders of 500 and 875 units of the device (ED) at the beginning of week 6 and week 8. In assembling BG, an extra 20 percent scrap allowance must be added. DD can only be ordered in whole cases of 400 units per case. One case of DD is received in each of week 1 and week 2. Also, there are 200 units of BG and 425 units of DD now on hand. The lead time for the item BG, DD, and FC is 2 weeks and that is for the item ED is 1 week.i. Calculate the required number of DD and FC for producing 100 units of ED. There is no stock of any item. ii. Prepare a material requirements plan for the component DD.spaces between figures) * Your answer There are 2 policies suggested by Procurement related to inventories. Policy A suggests: Order 150 units. ROP is 50 units and the time between placing and receiving an order is 10days. Policy B suggests: Order 200 units. ROP is 75 units and the time between placing and receiving an order is 15days.Order cost is P20.00 per order and the cost of keeping inventory is P 0.02 per day. Which policy do you think is the best for the company to adopt and what is the cost. Policy A Policy B How much is the cost of production planning A using chase demand? Write your
- Additional problem 12-1 (Algo) With a 0.02 percent chance of a stockout, what is the z-value to use in calculating safety stock? (Round your answer to two decimal points.) Use Table B.2 Resulting Z-ValueQ4) A manufacturer provides specialized microchips. During the next 3 months its sales, costs, and available time are shown in the table. Month 1 Month 2 Month 3 There are no chips in stock at the beginning of the first month. It takes 1.5 hr of production time to produce a chip and costs $5 to store a chip from one month to the next. Determine a production schedule that meets the demand requirements, does not exceed the monthly production time limitations, and minimizes cost. Note that no chips should be in stock at the end of the 3 months. Use fmincon. Chips required Cost regular time ($/chip) Cost overtime ($/chip) Regular operation time (hr) Overtime (hr) 1000 100 110 2500 100 120 2200 120 130 2400 2400 720 2400 720 720Demand(box) 10 11 12 13 14 15 and and more less Possibility 0.1 0.18 0.26 0.24 0.12 0.1 A business that will open a gift shop in Los Angeles is considering making and selling love- themed magnets. It is thought that it will not be possible to order new magnets during the fair period, and magnets that are not sold during the fair period will not be sold later. A box of magnets costs the business $100 and generates $460 from its sale. The table includes predictions about demand probabilities. a-) What is the overstocking cost of the business in dollars/box? b-) How many dollars/box is the missing stocking cost?