Business, 06.01.2021 17:30 TradeOK158

A company assembles and sells skateboards. One popular model is the "ICE". The final assembly plan for April to September, which also represents 50% of a full year’s demand: Month April May June July August September October
Forecast (units) 5000 7000 10000 2000 4000 3000 ?
Demand (units) 4500 8000 10000 1900 4000 3200 ?

The company is using MRP. The forecast for Skateboard ICE for the next coming six weeks:

Week w36 w37 w38 w39 w40 w41
Demand (forecast, units) 750 750 750 900 950 1000

The company has an ordering cost of $150/order and the inventory carrying cost is estimated to 10%.

Required:
a. If we use moving average with n=5, what is the forecast for Skateboard ICE for October?
b. If we use exponential smoothing with α=0.3, what is the forecast for Skateboard ICE for October?
c. Suppose it's now week 35. In what week should production of wheel assemblies start?
d. In relation to question 3c above, what quantity of wheel assemblies will be needed?
e. The company have had some problems with the supplier of the truck parts and therefore want to review the setup. But first they want to check how many truck parts they should order each time by calculating the Economic Order Quantity (EOQ).

Answers: 1

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A company assembles and sells skateboards. One popular model is the "ICE". The final assembly plan f...