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

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 currently has 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 80K 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)

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