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Q2 The production forecast for each month shown in table below. Given Regular time wage = $140 per hour, Production time for one product
Q2 The production forecast for each month shown in table below. Given Regular time wage = $140 per hour, Production time for one product = 4 hours, Hiring cost = $2000, Layoff cost = $3000, monthly working days= 20, daily working hours = 5, factory workforce = 40. Calculate the total cost of manipulating workforce strategy. Month 1 2 3 4 5 6 Forecast 1100 1500 1200 800 700 900
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Period Forecast 1 2 3 4 5 6 1100 1500 1200 800 700 900 Workers Needed 110025 44 150025 ...
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
