(50,000 units below the average demand over the next 12 months, set at 1,241,667). Calculate the...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/664631b2a23e2_273664631b1ea741.jpg)
Transcribed Image Text:
(50,000 units below the average demand over the next 12 months, set at 1,241,667). Calculate the cost of this level production schedule and determine the value of overtime flexibility. Part two: Reconsidering the TechVision data in part 1, assume that the plant has 1,250 employees and maintains a no-layoff policy. Overtime is limited to 20 hours per employee per month. A third party has presented an offer to produce smart devices as needed at a cost of $26 per unit, which includes component costs of $20 per unit. e. Determine the average per unit cost of in-house production, including inventory holding and overtime costs, if the third party is not utilized. f. Explore how TechVision should utilize the third party. How does your response change if the third party offers a reduced price of $25 per unit? g. Evaluate whether TechVision should engage the third party if the per unit cost is $28. h. Discuss the reasons why TechVision might opt for the third party even when the per unit cost is higher than the average per unit cost (including inventory holding and overtime) for in-house production. Part three: Reconsidering the TechLink data in Exercise 1, assume that the plant has 1,250 employees and maintains a no-layoff policy. Overtime is limited to at most 20 hours per employee per month, and there is no subcontracting option. TechLink has a team of 50 individuals willing to work as seasonal employees. The cost of bringing them on is 800 euros per employee, and the layoff cost is 1,200 euros per employee. i. Determine the optimal production, hiring, and layoff schedule. j. Explore how the optimal schedule changes if the seasonal pool grows from 50 to 100. k. In comparison to having 1,250 permanent and 50 seasonal employees, assess whether TechLink would significantly benefit from carrying only 1,100 permanent employees but having 200 seasonal employees. 1. Consider the case in which TechLink has 1,250 permanent employees and 50 seasonal employees. Does TechLink gain more by eliminating its no-layoff policy for its permanent employees or by increasing the seasonal employee pool from 50 to 100? Assume that permanent employees can be hired or laid off at the same cost as the seasonal employees. Part Four: (50,000 units below the average demand over the next 12 months, set at 1,241,667). Calculate the cost of this level production schedule and determine the value of overtime flexibility. Part two: Reconsidering the TechVision data in part 1, assume that the plant has 1,250 employees and maintains a no-layoff policy. Overtime is limited to 20 hours per employee per month. A third party has presented an offer to produce smart devices as needed at a cost of $26 per unit, which includes component costs of $20 per unit. e. Determine the average per unit cost of in-house production, including inventory holding and overtime costs, if the third party is not utilized. f. Explore how TechVision should utilize the third party. How does your response change if the third party offers a reduced price of $25 per unit? g. Evaluate whether TechVision should engage the third party if the per unit cost is $28. h. Discuss the reasons why TechVision might opt for the third party even when the per unit cost is higher than the average per unit cost (including inventory holding and overtime) for in-house production. Part three: Reconsidering the TechLink data in Exercise 1, assume that the plant has 1,250 employees and maintains a no-layoff policy. Overtime is limited to at most 20 hours per employee per month, and there is no subcontracting option. TechLink has a team of 50 individuals willing to work as seasonal employees. The cost of bringing them on is 800 euros per employee, and the layoff cost is 1,200 euros per employee. i. Determine the optimal production, hiring, and layoff schedule. j. Explore how the optimal schedule changes if the seasonal pool grows from 50 to 100. k. In comparison to having 1,250 permanent and 50 seasonal employees, assess whether TechLink would significantly benefit from carrying only 1,100 permanent employees but having 200 seasonal employees. 1. Consider the case in which TechLink has 1,250 permanent employees and 50 seasonal employees. Does TechLink gain more by eliminating its no-layoff policy for its permanent employees or by increasing the seasonal employee pool from 50 to 100? Assume that permanent employees can be hired or laid off at the same cost as the seasonal employees. Part Four:
Expert Answer:
Posted Date:
Students also viewed these general management questions
-
Use the binomial option pricing model to value the following put option on a stock. The current stock price is $227. The exercise price of the put option is $255. The option will expire in one year....
-
FlexMan has identified a third party that is willing to produce routers and switches as needed. The third party will charge $6 per router and $4 per switch. Assume all other data as in Exercise 4,...
-
Reconsider the Skycell data in Exercise 1. Assume that the plant has 1,250 employees and a no-layoff policy. Overtime is limited to 20 hours per employee per month. A third party has offered to...
-
Calculate the heat released as 35.5 g of copper (0.0920 cal/g x C) cools from 50.0 C to 25.0 C.
-
You have $3,000 to spend on entertainment this year (lucky you!). The price of a day trip (T) is $40 and the price of a pizza and a movie (M) is $20. Suppose that your utility function is U(T,M) =...
-
Explain the advantages and disadvantages of having all values in a language be objects.
-
Which method is most likely used when a company offers customers discounts for prompt payment? a. open-invoice method b. balance-forward method c. accounts receivable aging method d. cycle billing...
-
Blank Co. acquired 25% of the 500,000 shares of outstanding common stock of Overload Inc. on December 31, 2014. The purchase price was $3,600,000. Overload declared and paid $1.20 per share cash...
-
Suppose you take out a 3 6 - month installment loan to finance a delivery van for $ 2 6 , 1 0 0 . The payments are $ 9 8 7 per month, and the total finance charge is $ 9 , 4 3 2 . After 2 5 months,...
-
Prepare an audit plan for the procurement department includes the following : -Describe applied control procedures. - audit period. - Test of controls. - substantive test. -plan the sample. -select...
-
Yuji Itadori deposited money in Gojo Bank. For the year 2024, the deposit account earned P100,000 interest which was subjected to 20% Final Withholding Tax by Gojo Bank. As such, Itadori received...
-
If shaylea deposited 3 9 1 . 6 7 , monthly into an IRA going from 8 % annually to monthly compounding how much would she have at 2 0 , 3 0 and 4 0 years?
-
A fish with a 6 cm long tail and a fish with a 30 cm long tailare bred. All of the F1s have tails that are 18 cm. The F1s wereinterbred and out of 256 F2 offspring, 1 had a 6 cm tail and 1 hada 30 cm...
-
How do you cultivate a culture of continuous learning and knowledge sharing within a team to drive long-term success?
-
Calculate productivity for the private warehouse comparing existing productivity and productivity if robots were leased. Round your answers to two decimal places. 19 20 21 22 # of dedicated pickers...
-
An infant with increased intracranial pressure (ICP) on a regular diet vomits while eating dinner. Which of the following should the nurse do next? 1. Put the child on nothing-by-mouth (NPO) status...
-
Experiment: Tossing four coins Event: Getting three heads Identify the sample space of the probability experiment and determine the number of outcomes in the event. Draw a tree diagram when...
-
Find the range of values of \(x\) such that (i) \(|x+5| \geq 1\). (ii) \(|x+5|>|x-2|\). (iii) \(|x+5|
-
Consider NLS regression for the model \(y=\exp (\alpha+\beta x)+\varepsilon\), where \(\alpha, \beta\), and \(x\) are scalars and \(\varepsilon \sim \mathcal{N}[0,1]\). Note that for simplicity...
-
Suppose a sample yields estimates \(\widehat{\theta}_{1}=5, \widehat{\theta}_{2}=3\) with asymptotic variance estimates 4 and 2 and the correlation coefficient between \(\widehat{\theta}_{1}\) and...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App