Please advise with Homework Chapter 20 Problem 8. Thank you. Please provide step by step explantion so I can use it for notes The MRP gross requirements for Item A are shown here for the next 10 weeks. Lead time for A is three weeks and setup cost is $10.There is a carrying cost of $0.010 per unit per week. Beginning inventory is 86 units.seLeast total costLeast unit costGross requirementsUse the least total cost and the least unit cost lot-sizing method to determine what quantity the first order should be released and forwhich period.Answer is complete but not entirely correct.QuantityOrderedPeriod34 to 80 4 to 9WEEK78OO92008010se

Gross requirements are the entire amount of a good or service required to satisfy customer demand.…

The MRP gross requirements for Item A are shown here for the next 10 weeks. Lead time for A is three weeks and setup cost is $10. There is a carrying cost of $0.010 per unit per week. Beginning inventory is 86 units. WEEK Gross requirements Use the least total cost and the least unit cost lot-sizing method to determine what quantity the first order should be released and for which period. Answer is complete but not entirely correct. Quantity Ordered Least total cost Least unit cost Period 34 to 8 04100 00

The MRP gross requirements for Item A are shown here for the next 10 weeks. Lead time for A is three weeks and setup cost is $10. There is a carrying cost of $0.010 per unit per week. Beginning inventory is 86 units. WEEK Gross requirements Use the least total cost and the least unit cost lot-sizing method to determine what quantity the first order should be released and for which period. Answer is complete but not entirely correct. Quantity Ordered Least total cost Least unit cost Period 34 to 8 04100 00

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Using the gross requirements schedule below*, prepare an alternative ordering system that orders every 3 weeks for 3 weeks ahead (a periodic order quantity). What is the cost of this ordering system? Period 1 2 3 4 5 6 7 Gross requirements 25 20 40 0 10 50 30 The cost of this ordering system is $ Prepare a net requirements plan (enter your responses as whole numbers). *Holding cost = $1/unit/week; setup cost = $200; lead time = 1 week; beginning inventory = 25 units. Period Gross requirements On-hand at beginning of period On-hand at end of period Net requirements Order receipt Order release (enter your response as a whole number). 25 1 25 2 20 3 40 4 5 0 10 8 0 6 50 9 10 30 65 7 30 8 9 10 0 30 65
K Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 Gross requirements 30 Develop a lot-for-lot solution (enter your responses as whole numbers). Period Gross requirements On-hand at beginning of period On-hand at end of period Order receipt Order release 2 40 3 40 1 30 U 4 2 *Holding cost = $2.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40. 5 6 7 30 70 20 3 40 8 4 9 10 10 80 5 6 7 30 70 20 8 11 9 10 D 12 50 10 11 12 80 50
Best-Appliance makes high-powered industrial strength microwave oven and wants to create an MRP for their oven assembly with a minimum cost possible. Following table show gross requirements of their product for twelve weeks. Develop a Part Period Balancing (PPB) solution and calculate the total relevant costs for the plan. Week Gross requirements 1 30 Week Gross requirements On-hand at beginning of week 40 On-hand at end of week Order receipt Order release Total relevant cost for this plan is = $ 2 3 30 1 30 4 2 5 40 70 20 Also, for this plan the Holding cost = $2.50/unit/week; setup cost = $200; lead time = 1 week; beginning inventory = 40 units. Use the table below to develop a PPB solution for MRP (enter your responses as whole numbers). 3 30 6 7 8 4 5 40 (enter your response as a whole number). 6 ॥ 70 9 10 70 7 20 10 11 8 D 12 50 9 10 11 12 10 70 50
The MRP gross requirements for Item X are shown here for the next 10 weeks. Lead time for A is two weeks, and setup cost is $10. There is a carrying cost of $0.02 per unit per week. Beginning Inventory is 72 units. WTEK 10 Gross requirenente 21 12 15 45 10 30 100 20 40 150 Use the least total cost lot-sizing method to determine the quantity to order with the first order released and which periods' requirements will be covered by that order. Least total cost method indicates that unite nhould be ondered to cover the needs for periods
Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. 5 6 7 30 70 30 9 10 11 12 60 10 70 Period 1 Gross requirements 20 2 Period Gross requirements On-hand at beginning of period 40 On-hand at end of period Order receipt Order release 3 40 1 20 4 *Holding cost = $3.50/unit/week; setup cost = $200; lead time = 1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). 2 3 40 4 8 5 6 30 7 70 30 8 9 10 11 12 10 70 60 corn
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Item X is a standard item stocked in a company's inventory of spare parts. Each year, the firm uses about 2,000 units of Item X, which costs Php 1,000 per unit. Storage costs, which include insurance and cost of capital, amount to 18 percent of item unit cost. Placing an order for more of Item X costs Php 400. The company operates 360 days per year and Item X is received 9 days after placement of order.
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Heather Adams, production manager for a Colorado exercise equipment manufacturer, needs to schedule an order for 50 UltimaSteppers, which are to be shipped in week 10. Subscripts indicate quantity required for each parent. Assume lot-for-lot ordering. Item Lead Time On-Hand Inventory Components Stepper 2 10 A(2), B(2), C(1) A 1 10 D(1), F(2) B 2 20 E(1), F(3) C 3 10 D(2), E(3) D 2 15 E 2 5 F 2 20 c) Develop a net material requirements plan for F (enter your responses as whole numbers). Week Lead Time Item 3 4 5 6 7 8 9 10 (weeks) F Gross req enter your response here enter your response here 2 On hand enter your response here enter your response here Net req enter your response here enter your response here Order…
Assume that Product Z is made of two units of A and three units of B. A is made of four units of C and four of D. D is made of two units of E Lead times for purchase or fabrication of each unit to final assembly are: Z takes two weeks; A, B, C, and D take one week each; and E takes three weeks. Fifty one units of Product Z are required in Period 10. (Assume that there is currently no inventory on hand of any of these items.) b. Develop an MRP planning schedule showing gross and net requirements and order release and order receipt dates. (Leave no cells blank - be certain to enter "0" wherever required.) Period 6 8 10 Gross requirements Scheduled receipts Item Z OH = 0 LT = 2 SS = 0 Q = L4L Projected available balance Net requirements Planned order receipts Planned order releases Gross requirements Item A OH = 0 LT = 1 SS = 0 Q = L4L Scheduled receipts Projected available balance Net requirements Planned order receipts Planned order releases Gross requirements Scheduled receipts Item B…
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Need a and b a. What is the minimum TAIC for supplier B? b. What order quantity would minimize the TAIC for Feel Like 98?