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1. The Company produces laser printers. Standards indicate that one worker can assemble 10 printers per day. It costs about $400 to produce a printer.
1. The Company produces laser printers. Standards indicate that one worker can assemble 10 printers per day. It costs about $400 to produce a printer. The company figures it costs $5 to hold one printer in inventory for one month. Workers earn $1200 per month and can be hired for $750 each; firing a worker costs $1000. Currently, there are 5 workers in the company and 100 printers in the inventory. Month Working days Demand July 21 August 22 September October 21 23 800 1000 November December 19 20 1250 650 1020 950 a. Develop a minimum inventory plan. What is the total cost? (15 points) b. Develop a constant work force plan with no backorders. What is the total cost? (15 points)
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