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Paint Manufacturing Company Demand Forecast Demand Forecast (in 1,000 gallons) 250 400 100 150 Quarter 1 2 3 4 . current workforce level is 200
Paint Manufacturing Company Demand Forecast Demand Forecast (in 1,000 gallons) 250 400 100 150 Quarter 1 2 3 4 . current workforce level is 200 workers cost to hire = $1000/worker cost to fire $2000/worker inventory cost-$1 per gallon per quarter I 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)
*Practice Problem- the answers are in the parenthesis'- need help setting up the problem
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