Set up a production plan that minimizes cost

Assignment Help Project Management

Reference no: EM131259947

Jerusalem Medical Ltd., an Israeli producer of portable kidney dialysis units and other medical products, develops a 4-month aggregate plan. Demand and capacity (in units) are forecast as follows:

548_Fig 4.jpg

The cost of producing each dialysis unit is $985 on regular time, $1,310 on overtime, and $1,500 on a subcontract. Inventory carrying cost is $100 per unit per month.

There is to be no beginning or ending inventory in stock and backorders are not permitted. Set up a production plan that minimizes cost using the transportation method.

Reference no: EM131259947

Questions Cloud

How do you consciously limit your bias : Whether we like to admit it or not, we all do have bias and use it in our judgements rather frequently. How do you consciously limit your bias when taking in new information?

Did homer pass a bad check to the reseller : i. Is George Jetson a holder in due course? What about the reseller? Explain what defines a holder in due course and how you reached your conclusion. ii. Did Homer pass a bad check to the reseller? Explain how you reached your conclusion including ..

What is the maximum amplitude of the resulting displacement : The right end of a 6-m-long wire, which is stretched until the wave speed is 60 m/s, is continually moved with the displacement 0.5 cos 4πt. What is the maximum amplitude of the resulting displacement?

Determine the unknown voltages for each circuit : Determine the unknown voltages for each circuit - calculate the voltage gain for each stage and the overall voltage gain. Assume the op- amps to be ideal.

Set up a production plan that minimizes cost : There is to be no beginning or ending inventory in stock and backorders are not permitted. Set up a production plan that minimizes cost using the transportation method.

Which uses job costing system : Rockville: Rockville, Inc. which uses a job costing system, began business on January 1, 20X3 and applies manufacturing overhead on the basis of direct-labor cost. The following information relates to 20X3: Budgeted direct labor and manufacturing ove..

What is maslow theory of motivation : Question No.1: What is Maslow's theory of motivation? How can we use it in designing incentive system of an organization?

Analysis of story elements like rising action climax : The reviews need to be analytic, as opposed to simply descriptive; by "analytic," I mean that the paper should seek to explain or understand something, and not just to describe it. You should watch the movies with a view toward what they can teach..

Factoring receivables is beneficial to seller : Factoring receivables is beneficial to a seller for all of the following reasons except: Allows firms to receive cash earlier. Passes ownership of the receivables to the factor. There are no fees for factoring. Seller avoids the cost of billing and a..

User Account

All Pages