production and inventory course

Question 2 (10 points) CompanyS pays regular-time wages of $5,000 per employee per period for any time worked up to 500 hours (including undertime). The overtime pay rate is $15 per hour. Overtime cannot cxceed 20 pereent of the regular-time capacify in any period. Hiring a new employee costs \$3,000. Layoff costs are $3,000 per enployec. Currently, 40 employees work for CompanyS in this capacity. No delays in service, or backorders, are allowed. The forecast demand considered for the S\&OP is provided below: a. Prepare a chase strategy using only hiring and layoffs. What are the total numbers of employees hired and laid of? lotalcost b. Develop a workforee plan that uses the level strategy, relaying only on overtime and undertime. Maximize the use of overtime during the peak period so as to minimize the workforce level and amount of undertime. c. Propose an effective mixed-strategy plan, and compare the total costs of the three plans. Question 2 (10 points) CompanyS pays regular-time wages of $5,000 per employee per period for any time worked up to 500 hours (including undertime). The overtime pay rate is $15 per hour. Overtime cannot cxceed 20 pereent of the regular-time capacify in any period. Hiring a new employee costs \$3,000. Layoff costs are $3,000 per enployec. Currently, 40 employees work for CompanyS in this capacity. No delays in service, or backorders, are allowed. The forecast demand considered for the S\&OP is provided below: a. Prepare a chase strategy using only hiring and layoffs. What are the total numbers of employees hired and laid of? lotalcost b. Develop a workforee plan that uses the level strategy, relaying only on overtime and undertime. Maximize the use of overtime during the peak period so as to minimize the workforce level and amount of undertime. c. Propose an effective mixed-strategy plan, and compare the total costs of the three plans