A. Juarez, Mexico, manufacturer of paint has developed the demand forecast of the next four quarters:...
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A. Juarez, Mexico, manufacturer of paint has developed the demand forecast of the next four quarters: Demand Forecast Quarter (in thousands of gallons) 1 2 3 4 380 630 220 160 Based on past observation, one worker can produce 1,000 gallons of paint cach quarter. Employees are hired per quarter at a cost of $1,200 per employee and firing costs are $2,500 per employee. There are currently 280 employees with the company, Inventory costs are $1 per gallon per quarter. Assume that the company has 80,000 gallons of paint in inventory and would like to end the year with at least 20,000 gallons. Part 1 J. Find the constant work force production plan, 2. Compute the cost of this constant work force production plan. Part 2 3. What is the production plan thr fottows the che strategy? Compute the cost of this zero inventory plan A. Juarez, Mexico, manufacturer of paint has developed the demand forecast of the next four quarters: Demand Forecast Quarter (in thousands of gallons) 1 2 3 4 380 630 220 160 Based on past observation, one worker can produce 1,000 gallons of paint cach quarter. Employees are hired per quarter at a cost of $1,200 per employee and firing costs are $2,500 per employee. There are currently 280 employees with the company, Inventory costs are $1 per gallon per quarter. Assume that the company has 80,000 gallons of paint in inventory and would like to end the year with at least 20,000 gallons. Part 1 J. Find the constant work force production plan, 2. Compute the cost of this constant work force production plan. Part 2 3. What is the production plan thr fottows the che strategy? Compute the cost of this zero inventory plan
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Business Forecasting with Forecast X
ISBN: 978-0073373645
6th edition
Authors: Holton wilson, barry keating, john solutions inc
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