Develop a production schedule to produce the careful

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Reference no: EM1378698

Develop a production schedule to produce the careful production requirements by varying the workforce size for the subsequent problem. The monthly forecasts for Product X for January, February, and March are 1,000, 1,500 and 1,200, respectively. Safety stock policy indorses 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. Commencement inventory is 500 units. Manufacturing cost is $200 per unit storage cost is $3 per unit per month, standard pay rate is $6 per hour, overtime rate is $9 per hour, cost of stock out is $10 per unit per month, marginal cost of subcontracting is $10 per unit, hiring as well as training cost is $200 per worker layoff cost is $300 per worker and worker productivity is 0.1 unit per hour. Presume that you start off with 50 workers as well as that they work 8 hours per day

Reference no: EM1378698

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