Evaluate the given plan

Assignment Help Operation Management
Reference no: EM131359250

The president of Hill Enterprises, Terri Hill, projects the firm's aggregate demand requirements over the next 8 months as follows:

Jan.

1,400

May

2,200

Feb.

1,600

June

2,200

Mar.

1,800

July

1,800

Apr.

1,800

Aug.

1,800

Her operations manager is considering a new plan, which begins in January with 200 units on hand. Stock out cost of lost sales is $100 per unit. Inventory holding cost is $20 per unit per month. Ignore any idle-time costs. The plan is called plan A. Plan A: Vary the workforce level to execute a strategy that produces the quantity demanded in the prior month. The December demand and rate of production are both 1,600 units per month. The cost of hiring additional workers is $5,000 per 100 units. The cost of laying off workers is $7,500 per 100 units. Evaluate this plan.

Reference no: EM131359250

Questions Cloud

Describe the contingency theory of leadership : Describe the contingency theory of leadership. Explain how this theory has been criticized.Explain how the situational approach to leadership works. List three of its strengths. List the five principles of ethical leadership?What was the main purpos..
What quantity of the product should allow : (I) What should be the optimum number of units of the product he should buy in one lot? (II) What quantity of the product should he allow to be back-ordered? (III) How much additional cost will he have to incur on inventory if he does not permit back..
Describe the history of political support of or opposition : As a public health professional, what should you know before entering the political arena? How might you apply knowledge of political agendas to assist you in advocating for your issue?
Production of television sets : A television manufacturing company produces its own speakers, which are used in the production of its television sets. The television sets are assembled on a continuous production line at rate of 8,000 per month. The company is interested in deter..
Evaluate the given plan : Her operations manager is considering a new plan, which begins in January with 200 units on hand. Stock out cost of lost sales is $100 per unit. The cost of hiring additional workers is $5,000 per 100 units. The cost of laying off workers is $7,50..
Differently in implementation of act at executive-federal : According to Lewin’s model, what things did President Obama do well to manage the change? Why do you suppose many people are strongly against the change? Please provide factual support for your point of view. What do you think could have been done di..
Average inventory valuation per period : The cost of initiating purchasing action is Rs. 15.00 per purchase and the holding cost is 15% of average inventory valuation per period. Item cost is Rs. 8.00 per unit. Find the minimum cost and purchase quantity.
Identify the components of forecasting demand : Describe the forecasting process and identify the components of forecasting demand.
Find the negative and zero sequence impedances : The positive sequence current for a double line-to-ground fault in a system is -j1 P.u., and the corresponding negative sequence current is j0.333 p.u. Given that the positive sequence impedance is 0.8 P.u., find the negative and zero sequence imp..

Reviews

Write a Review

Operation Management Questions & Answers

  Planning-organizing-goal-setting-motivating and controlling

When JCPenney first decided to sell its merchandise online, the manager in charge of the process had to hire a technical staff to create the website, gather other resources necessary for the project, and ensure the site would be introduced in an effe..

  Policy of protectionism have on organizations and products

One of the big issues in this year's Presidential election is the idea of keeping jobs here in America rather than companies using cheaper labor overseas. Many countries employ protectionism and this position can impact strategic plans of organizatio..

  The fair credit reporting act requires

The Fair Credit Reporting Act requires that employers obtain permission from an employee before the employer hires a third party to conduct a background check on the employee, but it does not require the employer to get the employee’s permission if t..

  Compute multifactor productivity measure

Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. What do the productivity figures suggest? Assume 40-hour weeks and an hourly wage of $12. Overhead is 1.5 times weekly labor cost. Materi..

  Illustrate what is average time spent waiting in line to get

Illustrate what is average time spent waiting in line to get to ticket window. Illustrate what is probability which re are more than two people in system? More than three people or more than four.

  What is innovation and why is it important

What is Innovation and Why is it Important? Innovation can be viewed as the application of better solutions that meet new requirements, unarticulated needs, or existing market needs. It is making decisions that change the status quo. Innovation means..

  Elasticity is important said the director of the aquarium

"Listen, elasticity is important,” said the director of the aquarium, “but we borrowed $21.6 million (for 20 years, other fixed costs are $10,000 per month; total fixed costs per month are $100,000) to build the aquarium last year.

  Develop a project network for the now wedding

Using a yellow sticky approach (see p. 153), develop a project network for the “Now” Wedding. Create a schedule for the wedding using MS Project. Can you reach the deadline of January 21 for the “Now” Wedding? If you cannot, what would it cost to mak..

  Which site should tracy choose

Which site should Tracy choose - If site D's score for Energy costs increases from a 3 to a 5, do results change - If site A's Weather score is adjusted to a 4, what is the impact? What should Tracy do at this point?

  Determine the slack for each activity in a project

1.Explain how to determine the slack for each activity in a project. Why is it important for managers to know where the slack is in their projects?

  Discuss how team building interventions help an organization

Discuss how team building interventions help an organization. Describe activities that are relevant to individuals, the group and organization relationships.

  Diagnosing the change

Select a Diagnostic Model (see Chapter Five) that you utilize to review aspects of change activities and actions that have been taken by the companies chosen. Here we are looking at the "parts" of the companies as well as their strategies, as surm..

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