{"id":430737,"date":"2018-06-15T17:02:03","date_gmt":"2018-06-15T17:02:03","guid":{"rendered":"https:\/\/essaypaper.org\/?p=25526"},"modified":"2018-10-24T09:12:07","modified_gmt":"2018-10-24T09:12:07","slug":"business-finance-operations-management","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/business-finance-operations-management\/","title":{"rendered":"Business Finance – Operations Management"},"content":{"rendered":"

Togo\u00a0makes riding lawn mowers and tractors. The company\u2019s expected quarterly demand is given below in the chart.\u00a0 The company will have 300 mowers in inventory at the beginning of the month and desires to maintain at least that number at the end of each month.\u00a0 Below is other critical data:<\/p>\n

 <\/p>\n

Production cost per unit = $225<\/p>\n

Inventory Carrying cost per quarter per unit = $50 (based on ending inventory)<\/p>\n

Hiring Cost per worker = $450<\/p>\n

Firing cost per worker = $800<\/p>\n

Beginning # of workers = 50<\/p>\n

Each worker can produce 110 units per quarter<\/p>\n

 <\/p>\n

Complete the tables and calculate the cost of the two plans<\/p>\n

\u00a0<\/strong><\/p>\n

LEVEL Plan<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Quarter<\/td>\nDemand<\/td>\nRegular Production<\/td>\nEnding Inventory<\/td>\nWorkers Required<\/td>\nHire<\/td>\nFire<\/td>\n<\/tr>\n
1<\/td>\n5000<\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
2<\/td>\n9000<\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
3<\/td>\n7000<\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
4<\/td>\n9000<\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Total<\/td>\n30,000<\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

CHASE PLAN<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Quarter<\/td>\nDemand<\/td>\nRegular Production<\/td>\nEnding Inventory<\/td>\nWorkers Required<\/td>\nHire<\/td>\nFire<\/td>\n<\/tr>\n
1<\/td>\n5000<\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
2<\/td>\n9000<\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
3<\/td>\n7000<\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
4<\/td>\n9000<\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Total<\/td>\n30,000<\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/strong><\/p>\n

Which plan do you recommend and why?\u00a0<\/strong><\/p>\n

Assignment 3\u00a0<\/strong><\/p>\n

Calculate the processing load, available capacity, and develop the load profile for the stereo speaker subassembly.\u00a0 Two employees work the assembly process for 40 hours each.<\/p>\n

 <\/p>\n

    \n
  1. Complete the load chart<\/li>\n
  2. Prepare a load profile chart from this data.<\/li>\n
  3. As the planner, what concerns do you have and what changes would you make if any?<\/li>\n<\/ol>\n

     <\/p>\n\n\n\n\n\n\n\n\n
     <\/td>\nPart Name:\u00a0 Stereo speaker<\/td>\n<\/tr>\n
    Processing Time =
    \n20 minutes<\/td>\n    		Week<\/td>\nWeek<\/td>\nWeek<\/td>\nWeek<\/td>\nWeek<\/td>\nWeek<\/td>\nWeek<\/td>\nWeek<\/td>\n<\/tr>\n
    1<\/td>\n2<\/td>\n3<\/td>\n4<\/td>\n5<\/td>\n6<\/td>\n7<\/td>\n8<\/td>\n<\/tr>\n
    Planned Order Releases<\/td>\n220<\/td>\n190<\/td>\n210<\/td>\n270<\/td>\n210<\/td>\n190<\/td>\n240<\/td>\n200<\/td>\n<\/tr>\n
    Processing Load (hours)<\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
    Available Capacity (hours)<\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    \u00a0\u00a0<\/strong><\/p>\n

     <\/p>\n

     <\/p>\n","protected":false},"excerpt":{"rendered":"

    Togo\u00a0makes riding lawn mowers and tractors. The company\u2019s expected quarterly demand is given below in the chart.\u00a0 The company will have 300 mowers in inventory at the beginning of the month and desires to maintain at least that number at Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-430737","post","type-post","status-publish","format-standard","hentry","category-essay-paper-writing"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/430737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=430737"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/430737\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=430737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=430737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=430737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}