dolution

Assume that the demand for a product in a store is forecasted below. Suppose that the starting inventory is 140 and make-to-stock method is used. Do the production planning using the level strategy. What will be the total planned inventory in 6 periods?

————————- 1— 2— 3– 4– 5— 6

Period Forecast (Demand) 400 440 320 360 480 238

Select one:

O a. 480

O b. 600

O c. 380

O d. 515

O e. 840

O f. 430

2. A product has an average daily demand of 6000 units. The average waiting time per container of parts (which holds 600 units) is 3 days. The processing time per container is 0.24 day. The company works 8 hour per shift with one 30-minute lunch break. If the policy variable is set at 11.3 percent, how many containers are required? Select one:

O a. 100

O b. 50

O c. 36

O d. 94

O e. 24

O f. 117

3. A company has annual demand of 20000 tons of coal to be used for production. The setup cost for each order of coal is $800 and the inventory holding cost is 2 $/ton-year and company works 300 days each year. Find the total cost of the order, time between orders, and number of orders given each year? Select one:

O a. total cost=8000, time between orders= 60, number of orders = 5

O b. total cost=7200, time between orders= 100, number of orders =3

O c. total cost=4000, time between orders= 75, number of orders = 4

O d. total cost=8000, time between orders= 120, number of orders = 4

O e. total cost=6000, time between orders= 100, number of orders =3

O f. total cost=4000, time between orders= 100, number of orders =3