Question
Suppose you are in the planning department for a bicycle manufacturer.The sales forecast for next week estimates that a volume of 90 bicycles will be
Suppose you are in the planning department for a bicycle manufacturer.The sales forecast for next week estimates that a volume of 90 bicycles will be sold.You currently have 25 bicycles in stock, and no other sales orders as of yet.Assuming that the forecast is reasonable, and assuming that you will be able to make all the bicycles you need, how many bicycles must you plan to make?If you have 32 tires in stock, and none already on order, how many tires will you have to purchase in order to be able to carry out the planned production?Show your calculations and explain your answer.
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