Find the minimum constant workforce, Applied Statistics

Assignment Help:

Find the minimum constant workforce:

ABC Company, a manufacturer of roofing supplies, has developed monthly forecasts for roofing tiles. The forecasted demand and the expected production days for months January to June in 2013 are given below:

Month

Forecasted demand (units)

Production days

January

1200

22

February

2500

19

March

1300

21

April

3500

20

May

1200

22

June

1700

20

ABC works 8 regular hours in each working day and past experience shows that one worker takes 2 hours to produce one tile. The company has estimated that there would be 6 production workers working in December 2012 and 550 tiles in inventory at the end of December 2012. Labor Union restricts ABC that overtime hours cannot exceed 20% of straight time (regular) hours in each month. ABC wants to keep at least 200 tiles in inventory at the end of June 2013. ABC has the following cost information:

Inventory holding cost

$5/unit/month

Backorder cost

$12/unit

Subcontracting cost

$28/unit

Straight time labor cost

$10/hour

Overtime cost

$20/hour

Hiring cost

$1000

Firing cost

$2000

If ABC allows backorders but does not want to use subcontracting or overtime,

a. Find the minimum constant workforce required to meet the above requirement (level production strategy).

b. Develop an aggregate production plan with the minimum constant workforce obtained in part (a) (level production strategy).

c. Estimate the total cost of the plan in (b).

If ABC wants to maintain zero inventory at the end of each month in 2013 except June, and does not want to use subcontracting or overtime,

d. Develop an aggregate production plan with zero inventory policy (chase strategy with flexible working hours).

e. Estimate the total cost of the plan in (d)


Related Discussions:- Find the minimum constant workforce

Comparison of the principal averages-mean, Comparison of the Principal Aver...

Comparison of the Principal Averages-Mean, Median and Mode The mean, median, and mode are located at the same point in a symmetrical frequency distri

Index number, "index number is an economic barometer" comment on this state...

"index number is an economic barometer" comment on this statement

Data analysis, #quesgraphical representation of data

#quesgraphical representation of data

The sum of mean and variance, the sum of mean and variance ofabinomia distr...

the sum of mean and variance ofabinomia distribution of 5 trials is 9/5, find the binomial distribution.

Hi, i want assignmrnt help

i want assignmrnt help

Probability, HOW WOULD YOU INTERPRET THIS PROBABILITY:P(a)=1.05

HOW WOULD YOU INTERPRET THIS PROBABILITY:P(a)=1.05

Luxury goods higher for men than for women, According to a recent study, wh...

According to a recent study, when shopping online for luxury goods, men spend a mean of $2,401, whereas women spend a mean of $1,527. Suppose that the study was based on a sample o

Statisttics., Explain any two applications of statistics

Explain any two applications of statistics

Problem set for logistic regression, (1) What values can the response varia...

(1) What values can the response variable Y take in logistic regression, and hence what statistical distribution does Y follow? The response variable can take the value of either

Latin Square design, what is the the Latin Square design? What is its appli...

what is the the Latin Square design? What is its application in research? please explain this term with very simple but with detailed explanation for effective understanding. I hav

Write Your Message!

Captcha
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