The MRP gross requirements for Item X are shown here for the next 10 weeks. Lead time for A is two weeks, and setup cost is$10. There is a carrying cost of $0.02 per unit per week. Beginning inventory is 72 units.WEEK12345678910Gross requirements2112154510301002040150Use the least total cost lot-sizing method to determine when and for what quantity the first order should be released.Least total cost method indicates thatperiodsunits should be ordered to cover the needs for

Inventory management is the aspect of production management of an organization including storing,…

Answered: The MRP gross requirements for Item X…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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In a MRP problem, A is a MPS item. Every A requires 2 B’s and 3 C’s. Every B requires 5 C’s. All lead times are two periods. All initial inventory values are 0. Use lot-for-lot method for order quantities for all items. What is the low level code (LLC) for B and C?
In the following MRP planning schedule for Item J, indicate the planned order releases to meet the gross requirements. Lead time is one week and there is no inventory on hand and no safety stock.
One unit of A is made of two units of B and one unit of C. B is made of three units of D and one unit of F. C is composed of three units of B, one unit of D, and four units of E. D is made of one unit of E. Item C has a lead time of one week; items A, B, E, and F have two-week lead times; and item D has a lead time of three weeks. Lot-for-lot (L4L) lot sizing is used for items C, E, and F; lots of size 20, 40, and 160 are used for items A, B, and D, respectively. Items A, B, D, and E have on-hand (beginning) inventories of 5, 10, 100, and 100, respectively; all other items have zero beginning inventories. We are scheduled to receive 10 units of A in week 3, 20 units of B in week 7, 40 units of F in week 5, and 60 units of E in week 2; there are no other scheduled receipts. If 20 units of A are required in week 10, use the low-level-coded bill-of-materials (product structure tree) to find thenecessary planned order releases for all components.
Discuss the meaning of MRP terms such as planned order release and the scheduled order receipt.
The MRP gross requirements for Item A are shown here for the next 10 weeks. Lead timefor A is three weeks and setup cost is $10. There is a carrying cost of $0.01 per unit perweek. Beginning inventory is 90 units.Week1 2 3 4 5 6 7 8 9 10Gross requirements 30 50 10 20 70 80 20 60 200 50Use the least total cost or the least unit cost lot-sizing method to determine when and forwhat quantity the i rst order should be released.
Compare and contrast the meaning of the word lead time in a typical EOQ and an MRP scheme.
Assess the importance of inventory control and the various types of inventory related decisions by evaluating EOQ, ABC, MRP, JIT, and ERP models.
Explain Four (4) main drawbacks of a traditional Material Requirements Planning (MRP) scheduling system. In your explanation include how these drawbacks improved with the development of the MRP II system?
One unit of A is made of three units of B, one unit of C, and two units of D. B is composed of two units of E and one unit of D. C is made of one unit of B and two units of E. E is made of one unit of F. Items B, C, E, and F have one-week lead times; A and D have lead times of two weeks. Assume that lot-for-lot (L4L) lot sizing is used for Items A, B, and F; lots of size 55, 55, and 200 are used for Items C, D, and E, respectively. Items C, E, and F have on-hand (beginning) inventories of 10, 50, and 160, respectively; all other items have zero beginning inventory. We are scheduled to receive 10 units of A in Week 2, 60 units of E in Week 1, and also 50 units of F in Week 1. There are no other scheduled receipts. If 32 units of A are required in Week 8, use the low-level-coded bill of materials to find the necessary planned order releases for all components
One unit of A is made of three units of B, one unit of C, and two units of D. B is composed of two units of E and one unit of D. C is made of one unit of B and two units of E. E is made of one unit of F. Items B, C, E, and F have one-week lead times; A and D have lead times of two weeks. Assume that lot-for-lot (L4L) lot sizing is used for items A, B, and F; lots of size 50, 50, and 200 are used for Items C, D, and E, respectively. Items C, E, and F have on-hand (beginning) inventories of 10, 50, and 150, respectively; all other items have zero beginning inventory. We are scheduled to receive 10 units of A in week 2, 50 units of E in week 1, and also 50 units of F in week 1. There are no other scheduled receipts. If 30 units ofA are required in week 8, use the low-level-coded bill-of-materials to find the necessaryplanned-order releases for all components.
Product A is made from components B and C. Item B, inturn, is made from D and E. Item C also is an intermediateitem, made from F and H. Finally, intermediate item E ismade from H and G. Note that item H has two parents. Thefollowing are item lead times:a. What lead time (in weeks) is needed to respond to a cus-tomer order for product A, assuming no existing invento-ries or scheduled receipts?b. What is the customer response time if all purchased items(i.e., D, F, G, and H) are in inventory?c. If you are allowed to keep just one purchased item instock, which one would you choose?
Product A is made from components B and C. Item B, inturn, is made from D and E. Item C also is an intermediateitem, made from F and H. Finally, intermediate item E ismade from H and G. Note that item H has two parents. Thefollowing are item lead times: a. What lead time (in weeks) is needed to respond to a cus-tomer order for product A, assuming no existing invento-ries or scheduled receipts?b. What is the customer response time if all purchased items(i.e., D, F, G, and H) are in inventory?c. If you are allowed to keep just one purchased item instock, which one would you choose?

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