Question
1) Answer the following questions applying the Zero Inventory strategy . Assume one daily shift of 8 hours, a $20 hour salary, a hiring cost
1) Answer the following questions applying the Zero Inventory strategy. Assume one daily shift of 8 hours, a $20 hour salary, a hiring cost of $450, a firing cost of $600, a storage cost of $5 , and a late order cost of $15 .
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| January | February | March | April | May | June | Total |
1 | Days | 21 | 20 | 23 | 21 | 22 | 22 | 129 |
2 | Units per Worker | 126 |
| |||||
3 | Demand | 1840 | 4068 | 3980 | 3540 | 3180 | 2642 | 19250 |
4 | Workers Needed | |||||||
5 | Workers Available | 30 | ||||||
6 | Workers Hired | |||||||
7 | Hiring Cost | |||||||
8 | Workers Fired | |||||||
9 | Firing Cost | |||||||
10 | Current Workers | |||||||
11 | Labor Cost | |||||||
12 | Produced Units | |||||||
13 | Net Inventory | |||||||
14 | Storage Cost | |||||||
15 | Late Orders Cost | |||||||
16 | Total Cost |
a) Workers needed in February:
b) Labor cost in March:
c) Produced units in June:
d) Total Cost of the project:
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