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Q. Find optimal solution Demand & # of working days Jan Feb Mar Ap May Jun Total Forecast 2.760 3...
Plan production for the next year. The demand forecast is: spring, 19,500; summer, 9,400; fall, 15,000;...
Plan production for the next year. The demand forecast is: spring, 19,500; summer, 9,400; fall, 15,000; winter, 18,800. At the beginning of spring, you have 66 workers and 990 units in inventory. The union contract specifies that you may lay off workers only once a year, at the beginning of summer. Also, you may hire new workers only at the end of summer to begin regular work in the fall. The number of workers laid off at the beginning of...
Develop a production plan and calculate the annual cost for a firm whose demand forecast is...
Develop a production plan and calculate the annual cost for a firm whose demand forecast is fall, 11,000; winter, 7,700; spring, 6,700; summer, 13,000. Inventory at the beginning of fall is 550 units. At the beginning of fall you currently have 30 workers, but you plan to hire temporary workers at the beginning of summer and lay them off at the end of summer. In addition, you have negotiated with the union an option to use the regular workforce on...
$75 $15 1 $20 Materials = Holding costs = Marginal cost of backorder = Hiring and...
$75 $15 1 $20 Materials = Holding costs = Marginal cost of backorder = Hiring and training cost = Layoff costs = Straight time labor cost/hr. $250 $300 Beginning Workers Beginning inventory = Productive hours/worker/day = Paid straight hrs/day = Working days per month = Units per worker per month El ng Inventory goal (December) 110 2200 7.25 8 20 100 1000 $18 Question 8 1 pts Given the following production plan, use a level production strategy to compute the...
Plan production for a four-month period: February through May. For February and March, you should produce...
Plan production for a four-month period: February through May. For February and March, you should produce to exact demand forecast. For April and May, you should use overtime and inventory with a stable workforce; stable means that the number of workers needed for March will be held constant through May. However, government constraints put a maximum of 5,000 hours of overtime labor per month in April and May (zero overtime in February and March). If demand exceeds supply, then backorders...
Andree’s All-American manufactures fashionable tennis wear, needs help planning production for next year. Demand for tennis...
Andree’s All-American manufactures fashionable tennis wear, needs help planning production for next year. Demand for tennis gear is fairly stable, but has peaks during the summer months. Month Demand Forecast January 500 February 300 March 200 April 1500 May 2500 June 3500 July 4500 August 2500 September 500 October 300 November 300 December 2500 Beginning workforce 9 workers Production per day 9 units per employee Production cost during regular time $50 per unit Subcontracting cost $75 per unit Increasing production...
Develop a production schedule to produce the exact production requirements by varying the workforce size for...
Develop a production schedule to produce the exact production requirements by varying the workforce size for the following problem The monthly forecasts for Product X for January February, and March 1010, 1510 and 1180 respectively. Safety stock policy recommends that half of the forecast for that month be defined as safety stock. There are 22 working days in January, 19 in February, and 21 in March. Beginning inventory is 530 units Manufacturing cost is $180 por unit, storage cost is...
Plan production for a four-month period: February through May. For February and March, you should produce...
Plan production for a four-month period: February through May. For February and March, you should produce to exact demand forecast. For April and May, you should use overtime and inventory with a stable workforce; stable means that the number of workers needed for March will be held constant through May. However, government constraints put a maximum of 5,000 hours of overtime labor per month in April and May (zero overtime in February and March). If demand exceeds supply, then backorders...
Problem 8-8 Plan production for a four-month period: February through May. For February and March, you...
Problem 8-8 Plan production for a four-month period: February through May. For February and March, you should produce to exact demand forecast. For April and May, you should use overtime and inventory with a stable workforce; stable means that the number of workers needed for March will be held constant through May. However, government constraints put a maximum of 5,000 hours of overtime labor per month in April and May (zero overtime in February and March). If demand exceeds supply,...
Problem 8-7 Develop a production plan and calculate the annual cost for a firm whose demand...
Problem 8-7 Develop a production plan and calculate the annual cost for a firm whose demand forecast is fall, 10,700; winter, 8,300; spring, 6,900; summer, 12,700. Inventory at the beginning of fall is 535 units. At the beginning of fall you currently have 35 workers, but you plan to hire temporary workers at the beginning of summer and lay them off at the end of summer. In addition, you have negotiated with the union an option to use the regular...
Problem 8-14 (Algo) Develop a production schedule to produce the exact production requirements by varying the...
Problem 8-14 (Algo) Develop a production schedule to produce the exact production requirements by varying the workforce size for the following problem. The monthly forecasts for Product X for January, February, and March are 1,010, 1,540, and 1,180, respectively. Safety stock policy recommends that half of the forecast for that month be defined as safety stock. There are 22 working days in January, 19 in February and 21 in March. Beginning inventory is 530 units. Manufacturing cost is $180 per...
Plan production for the next year. The demand forecast is: spring, 19,500; summer, 9,400; fall, 15,000; winter, 18,800. At the beginning of spring, you have 66 workers and 990 units in inventory. The union contract specifies that you may lay off workers only once a year, at the beginning of summer. Also, you may hire new workers only at the end of summer to begin regular work in the fall. The number of workers laid off at the beginning of...
$75 $15 1 $20 Materials = Holding costs = Marginal cost of backorder = Hiring and training cost = Layoff costs = Straight time labor cost/hr. $250 $300 Beginning Workers Beginning inventory = Productive hours/worker/day = Paid straight hrs/day = Working days per month = Units per worker per month El ng Inventory goal (December) 110 2200 7.25 8 20 100 1000 $18 Question 8 1 pts Given the following production plan, use a level production strategy to compute the...
Develop a production schedule to produce the exact production requirements by varying the workforce size for the following problem The monthly forecasts for Product X for January February, and March 1010, 1510 and 1180 respectively. Safety stock policy recommends that half of the forecast for that month be defined as safety stock. There are 22 working days in January, 19 in February, and 21 in March. Beginning inventory is 530 units Manufacturing cost is $180 por unit, storage cost is...
Plan production for a four-month period: February through May. For February and March, you should produce to exact demand forecast. For April and May, you should use overtime and inventory with a stable workforce; stable means that the number of workers needed for March will be held constant through May. However, government constraints put a maximum of 5,000 hours of overtime labor per month in April and May (zero overtime in February and March). If demand exceeds supply, then backorders...
Problem 8-8 Plan production for a four-month period: February through May. For February and March, you should produce to exact demand forecast. For April and May, you should use overtime and inventory with a stable workforce; stable means that the number of workers needed for March will be held constant through May. However, government constraints put a maximum of 5,000 hours of overtime labor per month in April and May (zero overtime in February and March). If demand exceeds supply,...
Problem 8-7 Develop a production plan and calculate the annual cost for a firm whose demand forecast is fall, 10,700; winter, 8,300; spring, 6,900; summer, 12,700. Inventory at the beginning of fall is 535 units. At the beginning of fall you currently have 35 workers, but you plan to hire temporary workers at the beginning of summer and lay them off at the end of summer. In addition, you have negotiated with the union an option to use the regular...
Problem 8-14 (Algo) Develop a production schedule to produce the exact production requirements by varying the workforce size for the following problem. The monthly forecasts for Product X for January, February, and March are 1,010, 1,540, and 1,180, respectively. Safety stock policy recommends that half of the forecast for that month be defined as safety stock. There are 22 working days in January, 19 in February and 21 in March. Beginning inventory is 530 units. Manufacturing cost is $180 per...
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