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Paint Manufacturing Company Demand Forecast - current workforce level is 200 workers - cost to hire =$1000/ worker - cost to fire =$2000/ worker -
Paint Manufacturing Company Demand Forecast - current workforce level is 200 workers - cost to hire =$1000/ worker - cost to fire =$2000/ worker - inventory cost =$1 per gallon per quarter - 1 worker makes 1000 gallons of paint/quarter - Starting inventory =0 gallons; no ending inventory requirements - No stock outs permitted (a) Determine the constant workforce plan and the cost of the plan. (325 workers, $825,000) (b) Determine the zero inventory plan and the cost of the plan. (hire 50, hire 150, fire 300, hire 50, $850,000)
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