Company ABC, has forecasted the following staffing requirements for production workers over the next 12 months; Demand-[

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Company Abc Has Forecasted The Following Staffing Requirements For Production Workers Over The Next 12 Months Demand 1 (257.73 KiB) Viewed 11 times

Company ABC, has forecasted the following staffing requirements for production workers over the next 12 months; Demand-[5 8 10 13 18 20 20 14 12 8 2 11. The company currently has 10 workers. No backorders are allowed, and overtime cannot exceed 25 % of regular-time capacity on any month. There is no cost for unused overtime capacity. Regular-time wages are $1,500 per month, and overtime wages are 150 % of regular-time wages. The hiring cost is $2,500 per person, and the layoff cost is $2.000 per person. a. What should be the # of employees in a level workforce strategy b. How many workers should be hired? c. Calculate the hiring cost for this plan? d. Calculate the overtime cost for this plan?