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Recall the distribution of Haircut Times for the Wingate Barbershop in Problem 5. Page 4 of the Handout gives some simulation output from Excel for

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Recall the distribution of Haircut Times for the Wingate Barbershop in Problem 5. Page 4 of the Handout gives some simulation output from Excel for this distribution. 3 each (a) What would you type into Excel to generate the value located in Cell C17 ? (b) What would you type into Excel to generate the value located in Cell F19? 7. Poulan makes a high-end chainsaw and wishes to develop an aggregate plan for the 8-month period from January through August. Suppose that 100 chainsaws remain in inventory at the end of December and the December workforce was capable of producing 3600 of the saws in a month. Chainsaws produced during regular time cost Poulan $60 to make, those produced in overtime cost $80 apiece, and any that are subcontracted cost $70 each. Holding cost for a chainsaw is $10/ month and since this saw is such a popular model it can be backordered at a cost $30 / chainsaw / month. To make adjustments to its workforce, it costs Poulan $40 / chainsaw to increase production (hiring) and $20/ chainsaw to decrease production (firing.) Fill in the table and calculate the total cost for Plan A described below: (a) Plan A: Maintain a steady workforce producing 4000 saws per month for the entire time horizon. Produce up to 100 units in overtime when needed to fill backorders or demand. Let inventory vary and backorders occur. 10pts. Recall the distribution of Haircut Times for the Wingate Barbershop in Problem 5. Page 4 of the Handout gives some simulation output from Excel for this distribution. 3 each (a) What would you type into Excel to generate the value located in Cell C17 ? (b) What would you type into Excel to generate the value located in Cell F19? 7. Poulan makes a high-end chainsaw and wishes to develop an aggregate plan for the 8-month period from January through August. Suppose that 100 chainsaws remain in inventory at the end of December and the December workforce was capable of producing 3600 of the saws in a month. Chainsaws produced during regular time cost Poulan $60 to make, those produced in overtime cost $80 apiece, and any that are subcontracted cost $70 each. Holding cost for a chainsaw is $10/ month and since this saw is such a popular model it can be backordered at a cost $30 / chainsaw / month. To make adjustments to its workforce, it costs Poulan $40 / chainsaw to increase production (hiring) and $20/ chainsaw to decrease production (firing.) Fill in the table and calculate the total cost for Plan A described below: (a) Plan A: Maintain a steady workforce producing 4000 saws per month for the entire time horizon. Produce up to 100 units in overtime when needed to fill backorders or demand. Let inventory vary and backorders occur. 10pts

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