The forecasted demand for fudge for the next four months is 220, 150, 100, and 70 pounds.
Question:
a. What is the recommended production rate if a level strategy is adopted with no back orders or stock outs? What is the ending inventory for month 4 under this plan?
b. What is the level production rate with no ending inventory in month 4?
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...
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a To ensure no backorders or stock outs a level production strategy would require producing at peak ...View the full answer
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Related Book For 
OM6 operations supply chain management
ISBN: 978-1305664791
6th edition
Authors: David Alan Collier, James R. Evans
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