Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Plan production for a four - month period: February through May. For February and March, you should produce to exact demand forecast. For April and

Plan production for a four-month period: February through May. For February and March, you should produce to exact demand forecast. For April and May, you should use overtime and inventory with a stable workforce; stable means that the number of workers needed for March will be held constant through May. However, government constraints put a maximum of 5,000 hours of overtime labor per month in April and May (zero overtime in February and March). If demand exceeds supply, then backorders occur. There are 90 workers on January 31. You are given the following demand forecast: February, 84,800; March, 72,000; April, 100,120; May, 40,120. Productivity is five units per worker hour, eight hours per day, 20 days per month. Assume zero inventory on February 1. Costs are hiring, $51 per new worker; layoff, $71 per worker laid off; inventory holding, $11 per unit-month; straight-time labor, $12 per hour; overtime, $18 per hour; backorder, $22 per unit.\table[[,February,March,April,May],[Forecast,84,800,72,000,100,120,40,120],[Beginning inventory,0,0,0,],[Production required,84,800,72,000,100,120,],[Production hours required,21,200,,,],[Regular workforce,133,,,],[Regular production,84,800,72,000,72,000,72,000],[Overtime hours,0,0,,0],[Overtime production,0,0,,0],[Total production,84,800,72,000,,72,000],[Ending inventory,0,0,,0],[Ending backorders,0,0,0,0],[Workers hired,0,0,0,0],[Workers laid off,0,0,0,0]]
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Human Resource Management Employees And Employers In Action

Authors: Cynthia Fontelle, Louis Bevoc

1st Edition

1688510249, 978-1688510241

More Books

Students also viewed these General Management questions

Question

find all matrices A (a) A = 13 (b) A + A = 213

Answered: 1 week ago

Question

=+Show photos of consumers?

Answered: 1 week ago

Question

=+Exhibit children's artwork?

Answered: 1 week ago

Question

=+What kind of product or service would work in these locations?

Answered: 1 week ago