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Q 2 . To calculate the project on - hand inventories, planned production, and available - to - promise inventory, we need to consider the
Q To calculate the project onhand inventories, planned production, and availabletopromise inventory, we need to consider the current inventory, customer orders, and the forecasted demand for June and July.
Given information:
Forecasted demand for June: pumps pumps per week for weeks
Forecasted demand for July: pumps pumps per week for weeks
Current inventory: pumps
Let's break down the calculations for each of the three components:
Project OnHand Inventories:
This represents the total inventory available at the beginning of each month. To calculate the project onhand inventories for June and July, we need to consider the current inventory and subtract the customer orders that have been committed booked and must be filled.
June:
Beginning Inventory: pumps
Customer Orders: None mentioned.
Project OnHand Inventory for June Beginning Inventory Customer Orders
pumps pumps
pumps
July:
Beginning Inventory: Project OnHand Inventory for June
Customer Orders: None mentioned.
Project OnHand Inventory for July Project OnHand Inventory for June Customer Orders
pumps pumps
pumps
Explanation:
Therefore, the project onhand inventories for both June and July are pumps.
Planned Production
This represents the production needed to meet the forecasted demand for each month. We can calculate the planned production by subtracting the project's onhand inventory from the forecasted demand for each month.
June:
Forecasted Demand: pumps.
Project OnHand Inventory: pumps
Planned Production for June Forecasted Demand Project OnHand Inventory pumps pumps
pumps
July:
Forecasted Demand: pumps.
Project OnHand Inventory: pumps
Planned Production for July Forecasted Demand Project OnHand Inventory
pumps pumps
pumps
Explanation:
Therefore, the planned production for June is pumps, and for July is pumps.
Q Explanation:
To formulate the objective function and constraints for the construction firm's decisionmaking problem, we need to maximize the total profit while considering the available resources. Let's define the decision variables and establish the constraints:
Decision Variables:
Let x be the number of model A houses to build.
Let y be the number of model B houses to build.
Objective Function:
The objective is to maximize the total profit.
Maximize:
Profit x y
Constraints:
Labor hours constraint:
x y
Stone constraint:
x y
Lumber constraint:
x y
Nonnegativity constraint:
x
y
Explanation:
These constraints ensure that the firm does not exceed the available labor hours, stone, and lumber while maintaining nonnegativity for the number of houses built.
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