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WOW . HIVEISILY UI way... Uuumail Real Madrid CF ... Find My iPhone 2. A family-owned joint venture by Kyle Krusenklaus and Nicolas Robert has
WOW . HIVEISILY UI way... Uuumail Real Madrid CF ... Find My iPhone 2. A family-owned joint venture by Kyle Krusenklaus and Nicolas Robert has a product family consisting of six different products (A, B ... F) which are needed in the fight against the Corona Virus. The percentage share of units sold for the products are 10, 25, 20, 10, 20, and 15 respectively. In addition, the company spends $30, $18, $14, $15, $18 and $24 respectively on material. The company has a starting inventory of 1000 at the beginning of January and a workforce of 60 employees. The plant has 20 working days every month, and each employee works eight hours per day on regular time and the rest is overtime. Production capacity is determined by the total labor hours. However, because of labor rules, no employee works more than 15 hours of overtime per month. In addition, the plant manager plans to work with exactly 60 people in June. The inventory holding cost, other cost items, and demand information are given below. Item Cost Month Demand Forecast Inventory holding costy $2/unit/month January 1600 Marginal cost of $5/unit/month February 3000 stockout/backlog March 3200 Hiring and training costs $300/worker April 3800 Layoff cost $500/worker May 2200 Labor hours required Shours/unit Regular time cost $6.00/hour June 2200 Overtime cost $9.00/hour Cost of subcontracting $60/unit TToot a. (20pts)Determine the optimum aggregate plan that allows the company to end June with NO inventory or stockout (i.e. zero inventory and zero stockouts in June). b. (5pts)The pandemic is having a huge toll on the company's ability to pay employees so Kyle and Nicolas want to know the amount of money needed to support the company's operations during the month of April? WOW . HIVEISILY UI way... Uuumail Real Madrid CF ... Find My iPhone 2. A family-owned joint venture by Kyle Krusenklaus and Nicolas Robert has a product family consisting of six different products (A, B ... F) which are needed in the fight against the Corona Virus. The percentage share of units sold for the products are 10, 25, 20, 10, 20, and 15 respectively. In addition, the company spends $30, $18, $14, $15, $18 and $24 respectively on material. The company has a starting inventory of 1000 at the beginning of January and a workforce of 60 employees. The plant has 20 working days every month, and each employee works eight hours per day on regular time and the rest is overtime. Production capacity is determined by the total labor hours. However, because of labor rules, no employee works more than 15 hours of overtime per month. In addition, the plant manager plans to work with exactly 60 people in June. The inventory holding cost, other cost items, and demand information are given below. Item Cost Month Demand Forecast Inventory holding costy $2/unit/month January 1600 Marginal cost of $5/unit/month February 3000 stockout/backlog March 3200 Hiring and training costs $300/worker April 3800 Layoff cost $500/worker May 2200 Labor hours required Shours/unit Regular time cost $6.00/hour June 2200 Overtime cost $9.00/hour Cost of subcontracting $60/unit TToot a. (20pts)Determine the optimum aggregate plan that allows the company to end June with NO inventory or stockout (i.e. zero inventory and zero stockouts in June). b. (5pts)The pandemic is having a huge toll on the company's ability to pay employees so Kyle and Nicolas want to know the amount of money needed to support the company's operations during the month of April
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