Question
Management of company M3L wants to level the number of employees needed each day so no hiring or layoffs will be required during the year
Management of company M3L wants to level the number of employees needed each day so no hiring or layoffs will be required during the year
Information
Beginning inventory: 3300 units
Ending Inventory: 0 units
Inventory holding cost: $10 per unit per quarter (Charged for ending stock, not the average inventory)
No backorders allowed
No variation in size of workforce allowed
Overall output rate = 50 units per day per employee
a) What daily production rate will be required to meet the demand forecast and yield zero inventory at the end of quarter 4?
b) How many employees will be required each day? What are the inventory levels and costs each quarter?
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Successful Time Management
Authors: Patrick Forsyth
1st Edition
0749486198, 978-0749486198
