Develop a production schedule to produce exact production

Assignment Help Operation Management

Reference no: EM13782085

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 950, 1,540, and 1,110, 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 610 units. Manufacturing cost is $130 per unit, storage cost is $3 per unit per month, standard pay rate is $4 per hour, overtime rate is $6 per hour, cost of stockout is $8 per unit per month, hiring and training cost is $190 per worker, layoff cost is $290 per worker, and worker productivity is 0.1 unit per hour. Assume that you start off with 43 workers and that they work 8 hours per day. (Leave no cells blank - be certain to enter "0" wherever required. Input all values as positive values. Round Workers Required up to next higher whole number. Round all other variables to nearest whole number.)

Reference no: EM13782085

Questions Cloud

About analyzing an organizational structure : How would you go about analyzing an organizational structure in terms of creating a work breakdown structure? What are the major organizational characteristics that you would evaluate? Provide an example to support your response. You may use your CLC..

Consider the following information and find the wacc : Consider the following information for Evenflow Power Co., Debt: 3,000 7.5 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 103 percent of par; the bonds make semiannual payments and have a YTM of 7.22%.

Validity and reliability are primarily quantitative research : Validity and reliability are primarily quantitative research concepts. Morse, Barrett, Mayan, Olson, and Spiers (2002) argue that their exclusion from qualitative research design undermines the credibility and rigor of qualitative research conclusion..

Purely qualitative and purely quantitative researchers : Mixed-method research is more than merely combining quantitative and qualitative research approaches. There are design and analysis issues to consider. Leech and Onwuegbuzie (2008) offer an array of qualitative analysis techniques that include word c..

Develop a production schedule to produce exact production : 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 950, 1,540, and 1,110, respectively. Safety s..

Why does given book pay so much attention to gentiles : Why does this book pay so much attention to Gentiles? Cory, Catherine A. A Voyage through the New Testament. Upper Saddle River, N.J.: Pearson Prentice Hall, 2008. Print. This is for my The Emergence of Christianity class.

Hypothesis statement concerning : Attached is the data set for this study. The numbers in the "No Meds" column indicate the number of months free from addiction without medication. The numbers in the "Meds" column indicate the number of months free from addiction while taking me..

Position paper position paper write up description : Position Paper Position Paper Write up Description: The purpose of this critical thinking assignment is to examine both sides of a controversial issue, select a position, apply it to a multicultural context, and to apply the Park University General E..

What is difference between holder and holder in due course : What is the difference between a holder and a holder in due course? Define each and explain the differences.

User Account

All Pages