Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company that makes industrial pumps wants to prepare a master production schedule for June and July. Marketing has forecasted demand of 1 2 0

A company that makes industrial pumps wants to prepare a master production schedule for June and July. Marketing has forecasted demand of 120 pump for June and 160 pumps for July for its major product. These will be evenly distributed over the four weeks in each month: 30 per week in June and 40 per week in July as illustrated in the following table. Suppose that there are currently 64 units of the pump on hand, and that there are some customer orders that have been committed (booked) and must be filled. Suppose that the economic production quantity is 80 unites. Every time projected on-hand inventory becomes negative, another production lot of 80 units is added to the table. Calculate the project on-hand inventories, planned production, and available to promise inventory (Explain in detail).
\table[[,Weeks],[,1,2,3,4,5,6,7,8,],[Forecast,30,30,30,30,40,40,40,40,],[\table[[Customer],[orders]],32,21,13,5,3,,,,]]
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Anesthetic Management In Pediatric General Surgery

Authors: Susan T. Verghese, Timothy D. Kane

1st Edition

3030725502, 978-3030725501

More Books

Students also viewed these General Management questions

Question

Demonstrate through language that you are grateful to be informed.

Answered: 1 week ago

Question

Always mention the specifi c problem the customer faced.

Answered: 1 week ago