3. Jason Enterprises (JE) is producing video
telephones for the home market. Quality is not quite as good as it
could be at this point, but the selling price is low and Jason can
study market response while spending more time on R&D.
At this stage, however, JE needs to develop an aggregate production
plan for the six months from January through June. As you can
guess, you have been commissioned to create the plan. Assume a
starting workforce of 10. The following information should help
you:
January February March April May June
Demand Data
Beginning inventory 200
Forecast demand 500 600 650 800 900 800
Cost Data
Holding cost $10/unit/month
Hiring cost/worker $50
Layoff cost/worker $100
Labor cost/hour-straight time $12.50
Labor cost/hour-overtime $18.75
Production Data
Labor hours/unit 4
Workdays/month 22
Daily labor hours 8
Current workforce 10
What is the cost of each of the following production
strategies?
a. PLAN 1: Exact production; vary workforce.
b. PLAN 2: Constant workforce; vary inventory only. No stock outs
are allowed.
c. Which plan is better? Why?
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3. Jason Enterprises (JE) is producing video telephones for the home market. Quality is not quite...
Need help filling the empty slots above in. What is Plan A's cost = ___?(enter response as a whole number) Refrigeration Corp. needs an aggregate plan for January through June for its refrigerator production. The company has developed the following data: B Click the icon to view the company's data. Consider the two following strategies. a) Plan A: Vary the workforce so that production meets the forecasted demand (maintain inventory at 250 units). Bell had eight employees on staff in...
02 Consuelo Chua, Inc., is a disk drive manufacturer in need of an aggregate plan for July through December. The com- pany has gathered the following data: COSTS Holding cost $8/disk/month Subcontracting 580/disk Regular-time labor $12 hour Overtime labor $18 hour for hours above 8 hours/workerday Hiring cost $4000/ worker Layoff cost $8000/worker DEMAND Note: In this problem (and Q3) the production cost should be computed based on the labor cost OTHER DATA Current worden 8 people Labor hours disk...
Please help me fill those in and also what is Plan B's cost = ____$? (enter your response as a whole number) Refrigeration Corp. needs an aggregate plan for January through June for its refrigerator production. The company has developed the following data: Click the icon to view the company's data. Consider the two following strategies. a) Plan A: Vary the workforce so that production meets the forecasted demand (maintain inventory at 250 units). Bell had eight employees on staff...
A disk drive manufacturer is in need of an aggregate plan for July to December. The company has gathered the following data: Month Demand Month Demand July 400 Oct 700 Aug 500 Nov 800 Sep 550 Dec 700 Item Cost Materials $35/disk Inventory $8/disk/month Subcontracting $80/disk Stock-out $15/disk Regular time labor $12/hour Overtime labor $18/hour (above 8 hrs) Hiring cost $40/worker Layoff cost $80/worker Other data include: Item Data Current workforce (June) 8 people Labor hours per disk 4 hrs...
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...
The president of Hill Enterprises, Terri Hill, projects the firm's aggregate demand requirements over the next 8 months as follows: January 1,400 May 2,200 February 1,500 June 2,100 March 1,600 July 1,700 April 1,800 August 1,700 Her operations manager is considering a new plan, which begins in January with 200units of inventory on hand. Stockout cost of lost sales is $125 per unit. Inventory holding cost is $25 per unit per month. Ignore any idle-time costs. The plan is called...
Consuelo Chua, Inc., is a disk drive manufacturer in need of an aggregate plan for July through December. The company has gathered the following data given in the tables. There are 8 hours of production per day. You manage a consulting firm down the street from Consuelo Chua, Inc., and to get your foot in the door, you have told Mr. Chua that you can do a better job at aggregate planning than his current staff. He said, "Fine. You...
The president of Hill Enterprises, Terri Hill, projects the firm's aggregate demand requirements over the next 8 months as follows: January 1,400 May 2,200 February 1,700 June 2,100 March 1,700 July 1,700 April 1,800 August 1,700 Her operations manager is considering a new plan, which begins in January with 200 units of inventory on hand. Stockout cost of lost sales is $125 per unit. Inventory holding cost is $25 per unit per month. Ignore any idle-time costs. The plan 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,...