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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 100 workers on January 31. You are given the following demand forecast: February, 83,200; March, 64,000; April, 100,200; May, 40,200. Productivity is four units per worker hour, eight hours per day, 20 days per month. Assume zero inventory on February 1. Costs are hiring, $42 per new worker; layoff, $62 per worker laid off; inventory holding, $10 per unit-month; straight-time labor, $10 per hour; overtime, $15 per hour; backorder, $20 per unit. Find the total cost of this plan. (Negative values should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Round your answers to the nearest whole number.)
Scope Creep is something that can undermine a project in several ways. Can scope creep make it difficult for the contractor to keep costs under control? Why or why not? And, can the schedule suffer due to all of the added work?
read the topic on the pros and cons of rfid in supply chain management.consider how rfid might be applied to the supply
Using the Internet and your own personal and professional experience research the Decesion Making Model to answer the following questions.
You purchase key chains with your company logo to give to customers. You purchase 10,000 a year. You estimate the cost to hold at 30% of the purchase cost and the cost to place an order at $25 per order.
Should we have an international code of ethics? Explain why or why not. Analyze and evaluate the various issues presented while arguing and debating the connections between business, law, politics, and ethics.
what percentage of those sold would be expected to fail during the service period? What service period would result in a failure rate of approximately 10 percent?
It is estimated that the average number of surface defects in 20m3 of paper produced by a process is 3. What probability distribution will be used ? What is the probability of finding no more than 2 defects in 40 m3 of paper through random selection ..
A local beverage company distributes an energy drink that has a constant annual demand rate of 5,000 cases. Ordering costs are $80 per order and inventory holding costs are estimated at $5.00 per case per year. What is the Economic Order Quantity (EO..
In research writing, what exactly do we mean by argument? Do we mean taking an extreme position and standing our ground, whether or not the facts support our position? Or do we mean instead convincing our audience by taking a reasonable stance on an ..
Which statement is FALSE about the National Labor Relations Act (NLRA)?
What are the phases in a traditional project life cycle? how does a project life cycle differ from a product life cycle? why does a project manager need to understand both?
There is a big question in business today concerning the Bring Your Own Device (BYOD) to work movement. Some companies are embracing this concept, while others are not so sure it is a good idea.
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