Question
The Silver Star Bicycle Company will be manufacturing both mens and womens models of its Easy-Pedal 10-speed bicycles during the next two months. Management wants
The Silver Star Bicycle Company will be manufacturing both mens and womens models of its Easy-Pedal 10-speed bicycles during the next two months. Management wants to develop a production schedule indicating how many bicycles of each model should be produced in each month. Current demand forecasts call for 160 mens and 135 womens models to be shipped during the first month and 210 mens and 160 womens models to be shipped during the second month. Additional data are shown:
Production | Labor Requirements (hours) | Current | ||
Model | Costs | Manufacturing | Assembly | Inventory |
Men's | $130 | 1.5 | 2.0 | 30 |
Women's | $100 | 1.3 | 1.3 | 40 |
Last month the company used a total of 1000 hours of labor. The companys labor relations policy will not allow the combined total hours of labor (manufacturing plus assembly) to increase or decrease by more than 100 hours from month to month. In addition, the company charges monthly inventory at the rate of 2% of the production cost based on the inventory levels at the end of the month. The company would like to have at least 35 units of each model in inventory at the end of the two months.
A. Establish a production schedule that minimizes production and inventory costs and satisfies the labor-smoothing, demand, and inventory requirements. What inventories will be maintained, and what are the monthly labor requirements? If required, round your answers to the nearest whole number. Production schedule: The optimal solution is to produce ? of the men's model in month 1, ? of the men's model in month 2, ? units of the women's model in month 1, and ? of the women's model in month 2. Total Cost = $
Inventory Schedule | ||
---|---|---|
Month 1 | ?Men's | ?Women's |
Month 2 | ?Men's | ?Women's |
Labor Levels | |
---|---|
Previous month | ? hours |
Month 1 | ? hours |
Month 2 | ? hours |
B. If the company changed the constraints so that monthly labor increases and decreases could not exceed 50 hours, what would happen to the production schedule? If required, round your answers to the nearest whole number. Production schedule: The optimal solution is to produce ? of the men's model in month 1, ? of the men's model in month 2, ? units of the women's model in month 1, and ? of the women's model in month 2. Total Cost = $ ? How much will the cost increase? $ ?
Pls answer A and B questions and follow this format to answer it then copy that for me thanks!! I left ? in the A and B of first question. pls write down the answer. (On the other hand, I saw the samw question in other answer in chegg is wrong. he said :
The values are rounded to highest value. a. The optimal solution is to produce 210.85 of the men's model in month 1, 164.6429 of the men's model in month 2, 95 units of the women's model in month 1, and 195 of the women's model in month 2.
b. change the values of cells L13 to L16 to 950, 1050, 50, 50 respectively. The optimal solution is to produce 219.85 of the men's model in month 1, 155.1429 of the men's model in month 2, 95 units of the women's model in month 1, and 195 of the women's model in month 2.
This is wrong answer)
Thanks
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