6 Develop A Production Plan And Calculate The Annual Cost For A Firm Whose Demand Forecast Is Fall 10 600 Winter 8 4 1 (58.32 KiB) Viewed 90 times
6 Develop A Production Plan And Calculate The Annual Cost For A Firm Whose Demand Forecast Is Fall 10 600 Winter 8 4 2 (53.6 KiB) Viewed 90 times
#6 Develop a production plan and calculate the annual cost for a firm whose demand forecast is fall, 10,600, winter, 8,400; spring, 6, summer, 12,600. Inventory at the beginning of fall is 530 units. At the beginning of fall you currently have 30 workers, but you plan hire temporary workers at the beginning of summer and lay them off at the end of summer. In addition, you have negotiated with t union an option to use the regular workforce on overtime during winter or spring if overtime is necessary to prevent stock-outs at end of those quarters. Overtime is not available during the fall. Relevant costs are hiring, $80 for each temp; layoff, $160 for each worker laid off, inventory holding. $5 per unit-quarter; backorder, $10 per unit, regular time, $5 per hour, overtime, $8 per hour. Assume that the productivity is 0.5 unit per worker hour, with eight hours per day and 60 days per season. In each quarter, produc the full output of your regular workforce, even if that results in excess production. In Winter and Spring, use overtime only if neede meet the production required in that quarter. Do not use overtime to build excess inventory in prior seasons expressly for the purp of reducing the number of temp workers in Summer. (Leave the cells blank, whenever zero (0) is required. Negative values shoul be indicated by a minus sign. Round up "Number of temp workers, Workers hired and Workers laid off" to the next whole num and all other answers to the nearest whole number.) Forecast Beginning inventory Production required Production hours required Production hours available Overtime hours Temp workers Temp worker hours available Total hours available Actual production Ending inventory Workers hired Workers laid off Fall 10.600 Winter 8,400 Spring 6,500 Summer 12,600
www5 Beginning inventory Production required Production hours required Production hours available Overtime hours Temp workers Temp worker hours available Total hours available Actual production Ending inventory Workers hired Workers laid off Regular time i Overtime Inventory Backorder Hiring Layoff Total Annual cost Fall Winter Spring Summer
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