I would really Appreciate for the work and solution. This is a Operations and Supply Management clas

/in /by

Please show all work and steps. Make sure solution is clear and Precise. Thanks

I would really Appreciate for the work and solution. This is a Operations and Supply Management class. Thanks again.

Acme Companys demand over the planning horizon is expected to be as follows: Month 1 2 3 4 5 7950 Demand 8150 8400 7500 8500

Please show all work and steps. Make sure solution is clear and Precise. Thanks Acme Company's demand over the planning horizon is expected to be as follows: Month 1 2 3 4 5 7950 Demand 8150 8400 7500 8500 Regular production cost is $7 per unit. Regular production capacity is 8000 units, beyond which, the company must subcontract, at a cost of $8 per unit. Carrying cost is $1.50 per unit per period (based on ending inventory each period, not average inventory) and there is a shortage cost of $2.50 per unit per period. a) Using a level production strategy, what is the total planning costs (rounded to nearest dollar) over the 5 periods? Finish the planning period with zero ending inventory. dollars b) Using a chase strategy, what is the total planning costs (rounded to nearest dollar) over the 5 periods? Finish the planning period with zero ending inventory. dollars c) Which strategy is the better plan? Enter Level or Chase d) If you employ the best strategy from part c (above), how much will ACME save? dollars

 
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