1)A firm manufactures bicycle wheels. Given t

1)A firm manufactures bicycle wheels. Given t

1)A firm manufactures bicycle wheels. Given the following costs and quarterly sales forecasts, use the transportation method to design a production plan that will economically meet demand. What is the cost of the plan?Quarter 1: Sales Forecast 50,000Quarter 2: Sales Forecast 150,000Quarter 3: Sales Forecast 200,000Quarter 4, Sales Forecast 52,000Inventory carrying cost: $3 per pair of wheels per quarterProduction per employee: 1,000 pairs of wheels per quarterRegular workforce: 50 workersOvertime capacity: 50,000 pairs of wheelsSubcontracting capacity: 40,000 pairs of wheelsCost of regular production: $50 per pair of wheelsCost of overtime production: $75 per pair of wheelsCost of subcontracting: $85 per pair of wheels2) A firm makes five different integrated chip products and has five production lines each of which is dedicated to a particular integrated chip product. The production lines differ by sophistication of machines, sites, and the experience of the production personnel. The following estimate of processing times (in hours) is given; assign the integrated chip products so that the order can be completed as soon as possible.Integrated ChipsProduction Lines12345A13018261715B12322322530C11731242229D12819131823E12314162027


Comments are closed.