A fabric mill has developed the forecasts

Assignment Help Operation Management
Reference no: EM131029089

A fabric mill has developed the following forecasts (in hundred bolts of cloth). The mill has a normal capacity of 275 units (a unit = hundred bolts) per month, and employs 275 workers. Regular labour cost is $ 2,000 per unit and overtime labour cost is $3,000 per unit. Up to 50 units per month can be made during overtime. The beginning inventory is zero. Hiring cost is $1,000 per worker and layoff cost is $500 per worker. The inventory holding cost is $1,000 per unit per month and backorder cost is $5,000 per unit per month. a) Develop a level output/workforce plan. b) Starting with your answer to part a, use the trade-off analysis to find the minimum cost aggregate production plan. Month 1 2 3 4 5 6 7 Total Forecast 250 300 250 300 280 275 270 1,925

Reference no: EM131029089

About the pricing tactic and your initial reaction

Consider how the psychology of pricing affects you. Think of a recent instance where you were influenced by a pricing tactic. This could be seeing a "2 for 1" offer, a special

Find the maximum possible profit

The seasonal yield of olives in a Piraeus, Greece, and vineyard is greatly influenced by a process of branch pruning. If Olive trees are pruned every two weeks, output is incr

Find optimal number of production runs per year

The Ambrosia Bakery makes cakes for freezing and subsequent sale. The bakery, which operates five days a week, 52 weeks a year, can produce cakes at the rate of 116 cakes per

Harassment prevention training

Your boss has questioned your plans to include harassment prevention training in next year’s budget. He said, “We don’t have any harassment around here. Why do we need this ki

In the operation of a certain production machine

In the operation of a certain production machine, one worker is required at a direct labor rate = $10 per hour. Applicable labor factory overhead rate = 50%. Capital investmen

What is resource and what are classical kinds of resources

What is a resource and what are the classical kinds of resources? How are resources measured? Why is it not possible to summarize resources based upon their specific unit of m

Many cultures have morally condemned homosexuality

Since ancient times, many cultures have morally condemned homosexuality, yet some cultures tolerated (or approved of) same-sex couples. In modern-day America, same-sex marriag

What are the conclusions and recommendations

Select an article that deals with one of the following topics: marketing concept, marketing orientation, market segments, or marketing mix. What is the thesis of the article? 


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd