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these are the same problem i just need help. The Silver Star Bicycle Company will be manufacturing both men's and women's models for its Easy-Pedal
these are the same problem i just need help.
The Silver Star Bicycle Company will be manufacturing both men's and women's models for its Easy-Pedal 10-speed bicycles during the next two months. Management wants to develop a production schedule indicating how many bicycles of each model should be produced in each month. Current demand forecasts call for 150 men's and 125 women's models to be shipped during the first month and 200 men's and 150 women's models to be shipped during the second month. Additional data are shown. Labor Requirements (hours) Model Men's Women's Production Costs men's model in month 11 $120 $90 men's model in month 2 women's model in month 11 Total Cost women's model in month 21 Manufacturing What inventories will be maintaihed? Inventory Schedule men's model in month 1 2.0 women's model in month 11 1.6 Last month the company used a total of 1,000 hours of labor. The company's labor relations policy will not allow the combined total hours of labor (manufacturing plus assembly) to increase or decrease by more than 100 hours from month to month. In addition, the company charges monthly inventory at the rate of 2% of the production cost based on the inventory levels at the end of the month. The company would like to have at least 25 units of each in inventory at the end of the two months. Only integer amounts of bicycles can be produced. (a) Establish a production schedule that minimizes production and inventory costs and satisfies the labor-smoothing, demand, and inventory requirements. bicycles bicycles bicycles bicycles Assembly bicycles 1.5 bicycles 1.0 Current Inventory 20 30 Total Cost What inventories will be maintained? Inventory Schedule men's model in month 1 women's model in month 1 men's model in month 2 women's model in month 2 What are the monthly labor requirements? previous month hrs month 1 month 2 men's model in month 1 women's model in month 11 men's model in month 2 $ women's model in month 2.1 Total Cost (b) If the company changed the constraints so that monthly labr increases and decreases could not exceed 50 hours, what would happen to . the production schedule? How much will the cost increase? $ hrs hrs bicycles bicycles bicycles bicycles bicycles bicycles bicycles bicycles Step by Step Solution
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