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Aggregate Production Planning: Please see the attached Excel file for the question in the first 2 spreadsheets (last spreadsheet for MPS question). You will basically fill out with the answers you...

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Aggregate Production Planning: Please see the attached Excel file for the question in the first 2 spreadsheets (last spreadsheet for MPS question). You will basically fill out with the answers you have. I expect you to see using Excel formulas to make your production planning strategy fully automatic, which means that when I change the numbers within the input area, the answer should change automatically.
Master Production Scheduling: Please fill out the yellow highlighted rows in the last spreadsheet in the attached Excel file. Again, try to make fully automated Excel file.
Answered 1 days After Jun 13, 2022

Solution

Lalit answered on Jun 14 2022
75 Votes
Constant Production Exercise
    Fill the necessary cells according to the class exercises and examples                                                    Limit of maximum overtime (%)    20
                                                        Initial # of workers (People)    65
                MONTH    DEC    JAN    FEB    MAR    APR    MAY    JUN    TOTAL        Initial Inventory (pounds)    8500
                Monthly Production/Worker        90    90    90    90    90    90            Regular Production Time (Hours/Month)    160
                Beginning Inventory        8500    4350    2440    2610    1720    3460            Regular Production Rate (Pound/Month/Labor)    90
                Work Force Level    65    65    101    113    79    86    100            Overtime Production Rate (of regular time)    0.2
                Straight Production        5850    9090    10170    7110    7740    9000            Cost of regular time production ($/hour)    5
                Overtime Production        0    0    0    0    0    0            Cost of overtime production ($/hour)    7.5    1.5
                Subcontract Production        0    0    0    0    0    0            Cost of ca
y inventory ($/l
month)    0.25
                Monthly Production        5850    9090    10170    7110    7740    9000            Cost of Stock Out ($/l
month)    0
                Sales Forecast        10000    11000    10000    8000    6000    6500    51500        Cost of hiring new people ($/person)    150
                Ending Inventory    8500    4350    2440    2610    1720    3460    5960            Cost of laying off people ($/person)    300
                Cost Components                                        Ending Inventory    6000
                Hired...
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