Given the Forecast and Booked Orders Shown in the Table

question 54

Essay

Given the forecast and booked orders shown in the table, and a beginning inventory of 120, complete this master production schedule. The company operates with a lot size of 144.
$$\begin{array} { | l | c | c | c | c | } \hline \text { Period } & 1 & 2 & 3 & 4 \\\hline \text { Forecasted Demand } & 500 & 450 & 400 & 600 \\\hline \text { Booked Orders } & 520 & 400 & 325 & 450 \\\hline \text { Projected ending inventory } & & & & \\\hline \text { Master production schedule } & & & & \\\hline \text { Available to Promise } & & & & \\\hline\end{array}$$

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Definitions:

Managerial Positions

Roles or jobs within an organization that involve overseeing, directing, or managing groups or projects.

Random Variable

A variable whose values are outcomes of a random phenomenon and can vary unpredictably.

Independent

In statistics, two events are considered independent if the occurrence of one does not affect the probability of the other.

Standard Deviations

A measure of the amount of variation or dispersion of a set of values from the mean or average.