Develop a production plan and calculate the annual cost for a firm whose demand forecast is...

 

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Develop a production plan and calculate the annual cost for a firm whose demand forecast is fall, 10,900; winter, 8,400; spring, 7,100; summer, 12,900. Inventory at the beginning of fall is 545 units. At the beginning of fall you currently have 30 workers, but you plan to hire temporary workers at the beginning of summer and lay them off at the end of summer. In addition, you have negotiated with the union an option to use the regular workforce on overtime during winter or spring only if overtime is necessary to prevent stockouts at the end of those quarters. Overtime is not available during the fall. Relevant costs are hiring, $80 for each temp; layoff, $160 for each worker laid off; inventory holding, $5 per unit-quarter; backorder, $10 per unit; straight time, $5 per hour; overtime, $8 per hour. Assume that the productivity is 0.5 unit per worker hour, with eight hours per day and 60 days per season. In each quarter, produce to the full output of your regular workforce, even if that results in excess production. In Winter and Spring, use overtime only if needed to meet the production required in that quarter. Do not use overtime to build excess inventory in prior seasons expressly for the purpose of reducing the number of temp workers in Summer. (Leave no cells blank - be certain to enter "0" wherever required. Negative values should be indicated by a minus sign. Round up "Number of temp workers, Workers hired and Workers laid off" to the next whole number and all other answers to the nearest whole number.) Forecast Beginning inventory Production required Production hours required Production hours available Overtime hours Temp workers Temp worker hours available Total hours available. Fall Winter 10,900 8,400 Spring 7,100 Summer 12,900 F 10 3 points perum yuuni, MULAVIVI, *v per um yuvy mm, 42 per visions TV. Assume that the productivity is 0.5 unit per worker hour, with eight hours per day and 60 days per season. In each quarter, produce to the full output of your regular workforce, even if that results in excess production. In Winter and Spring, use overtime only if needed to meet the production required in that quarter. Do not use overtime to build excess inventory in prior seasons expressly for the purpose of reducing the number of temp workers in Summer. (Leave no cells blank - be certain to enter "O" wherever required. Negative values should be indicated by a minus sign. Round up "Number of temp workers, Workers hired and Workers laid off" to the next whole number and all other answers to the nearest whole number.) Chec eBook Forecast Hint Beginning inventory Print Production required Production hours required References Mc Graw Hill stly cloudy Production hours available Overtime hours Temp workers Temp worker hours available Total hours available Actual production Ending inventory Workers hired Workers laid off Fall Winter 10,900 8,400 Spring 7.100 Summer 12,900 Q Search < Prev 10 of 10 Next hp 10 3 points Workers laid off Fall Winter eBook Spring Summer Straight time Hint Overtime Print Inventory References Backorder Hiring 1 89F Mc Graw Hill Mostly cloudy Layoff Total Annual cost Q Search < Prev 10 of 10 Next hp Develop a production plan and calculate the annual cost for a firm whose demand forecast is fall, 10,900; winter, 8,400; spring, 7,100; summer, 12,900. Inventory at the beginning of fall is 545 units. At the beginning of fall you currently have 30 workers, but you plan to hire temporary workers at the beginning of summer and lay them off at the end of summer. In addition, you have negotiated with the union an option to use the regular workforce on overtime during winter or spring only if overtime is necessary to prevent stockouts at the end of those quarters. Overtime is not available during the fall. Relevant costs are hiring, $80 for each temp; layoff, $160 for each worker laid off; inventory holding, $5 per unit-quarter; backorder, $10 per unit; straight time, $5 per hour; overtime, $8 per hour. Assume that the productivity is 0.5 unit per worker hour, with eight hours per day and 60 days per season. In each quarter, produce to the full output of your regular workforce, even if that results in excess production. In Winter and Spring, use overtime only if needed to meet the production required in that quarter. Do not use overtime to build excess inventory in prior seasons expressly for the purpose of reducing the number of temp workers in Summer. (Leave no cells blank - be certain to enter "0" wherever required. Negative values should be indicated by a minus sign. Round up "Number of temp workers, Workers hired and Workers laid off" to the next whole number and all other answers to the nearest whole number.) Forecast Beginning inventory Production required Production hours required Production hours available Overtime hours Temp workers Temp worker hours available Total hours available. Fall Winter 10,900 8,400 Spring 7,100 Summer 12,900 F 10 3 points perum yuuni, MULAVIVI, *v per um yuvy mm, 42 per visions TV. Assume that the productivity is 0.5 unit per worker hour, with eight hours per day and 60 days per season. In each quarter, produce to the full output of your regular workforce, even if that results in excess production. In Winter and Spring, use overtime only if needed to meet the production required in that quarter. Do not use overtime to build excess inventory in prior seasons expressly for the purpose of reducing the number of temp workers in Summer. (Leave no cells blank - be certain to enter "O" wherever required. Negative values should be indicated by a minus sign. Round up "Number of temp workers, Workers hired and Workers laid off" to the next whole number and all other answers to the nearest whole number.) Chec eBook Forecast Hint Beginning inventory Print Production required Production hours required References Mc Graw Hill stly cloudy Production hours available Overtime hours Temp workers Temp worker hours available Total hours available Actual production Ending inventory Workers hired Workers laid off Fall Winter 10,900 8,400 Spring 7.100 Summer 12,900 Q Search < Prev 10 of 10 Next hp 10 3 points Workers laid off Fall Winter eBook Spring Summer Straight time Hint Overtime Print Inventory References Backorder Hiring 1 89F Mc Graw Hill Mostly cloudy Layoff Total Annual cost Q Search < Prev 10 of 10 Next hp