Plan production for a four-month period february through, Ask an Expert

Management Studies

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 occur. There are 90 workers on January 31. You are given the following demand forecast: February. 80.000: March. 64.000: April. 100.000: May. 40.000. Productivity is four units per worker hour. eight hours per day. 20 days per month. Assume zero inventories on February 1. Costs are hiring. $45 per new worker layoff. $65 per worker laid off: inventory holding. $10 per unit-month: straight-time labor. $12 per hour overtime. $18 per hour: backorder. $24 per unit. Find the total cost of this plan.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92567673

Have any Question?Write your Review or question?

Related Questions in Operation Management

As advances in computer technology continue to change the

As advances in computer technology continue to change the way we work and play, Internet use on and off the job has become a danger zone for employees and employers. Misuse costs employers millions of dollars in lost pro ...

In august 1995 smith company smith entered into a lease

In August 1995, Smith Company ("Smith") entered into a lease with Jones Two, Inc. ("Jones"). By the terms of the lease, Jones leased a Washington D.C. property (the "Property") that was owned by Smith for a period of ten ...

What are the attributes of a good quantitative analysis

What are the attributes of a good quantitative analysis model? C.W. Churchman once said that "mathematics tends to lull the unsuspecting into believing that he who thinks elaborately thinks well." Do you think that the b ...

Consider starbucks as a production system in which the

Consider Starbucks as a production system in which the final product is a customer. For this system: a. Define quality from the producer's and customer's prospective. b. Develop a fitness-for-use description for final pr ...

In module two you will submit a strategy development

In Module Two, you will submit a strategy development paper. Prompt: This paper will be composed of two parts: Part I: State your overall company strategy to support the business goal of your chosen business opportunity ...

1 capital budgeting focuses on the sale of capital by

1. Capital budgeting focuses on the sale of capital by incorporated hospitality companies. a) True b) False 2. Cash flow considerations in capital budgeting include which of the following? a) The initial cost of the proj ...

Please suggest me an outline for this presentation and the

Please, suggest me an outline for this presentation and the list of three Foursquare competitors. You know those times when you are craving Thai food or the perfect fruit smoothie, but you don’t know where to go? Or when ...

1 what background investigations if any would you recommend

1. What Background investigations, if any, would you recommend to differentiate acceptable from unacceptable job candidates? Why? 2. What selection criteria and processes would you recommend to identify the best candidat ...

1 discuss the 4 parts of a feasibility study what factor or

1. Discuss the 4 parts of a feasibility study. What factor or variable is the most important in forecasting market demand for a new major league baseball stadium in Indianapolis? Provide supporting evidence for your sele ...

1 select an organization like a restaurant department store

1. Select an organization like a restaurant, department store or electronics store in a community context with which you are familiar. Analyze how it might pursue (a) a low-cost or (b) a differentiation strategy. (Approx ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert