Calculate the total cost of the plan

Assignment Help Operation Management
Reference no: EM13105463

1. An aggregate plan is given in the accompanying table. What is the total cost of the plan? (Hint: Don't forget to calculate the Inventory section of the plan.

A) $1,075
B) $1,300
C) $1,375
D) $1,545
E) $1,875
2. You are asked to develop an aggregate plan for the coming 3 months. A forecast of expected demand is given in the accompanying table. You currently employ 20 (regular) workers, each capable of producing 10 units per month. You plan to keep the regular employment level constant throughout the planning horizon. Suppose no overtime or subcontracting is allowed and backordered units must be fulfilled whenever there is positive inventory. What is the total cost of the plan? (Hint: Don't forget to calculate the Inventory section of the plan.

A) $825
B) $850
C) $900
D) $925
E) $1,050

Reference no: EM13105463

Questions Cloud

Explain advantages and disadvantages of physical presence : Explain the advantages and disadvantages of physical presence, written/printed, and electronic/computer communication channels, and describing how components and processes of communication apply.
Define the principles of fee-for-service plans : Define the principles of fee-for-service plans and managed care plans? What are the similarities?
Does this company have special strengths : Does this company have special strengths that help it deal better than others with challenges such as those posed by a declining economy?
Identify ependent variable for the experiment : Prices (in dollars) were recorded for a sample of 60 randomly selected grocery items at each of the three supermarkets. In order to reduce item-to-item variation, the prices were recorded for each item on the same day at each supermarket. Identify..
Calculate the total cost of the plan : An aggregate plan is given in the accompanying table. What is the total cost of the plan? (Hint: Don't forget to calculate the Inventory section of the plan.
What are the main considerations in analyzing survey data : What are the two main considerations in analyzing survey data? Support response with examples.
Explain how much would a corporate spy be worth trans-rail : If Rail Freight is known to submit bids on only 25% of the projects it considers, illustrate what decision should Trans-rail make? Given the information is (c), explain how much would a corporate spy be worth to Trans-rail to find out if Rail Frei..
Predict how fast the ball will be traveling 2 seconds later : You throw a ball straight up in the air. The instant after leaving your hand, the balls speed is 30 meters per second. Ignoring the effects of air resistance, predict how fast the ball will be traveling 2 seconds later.
Numerous companies have found that family-friendly policies : Numerous companies have found that family-friendly policies- Are good recruiting tools, but often result in relocation failures.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd