A service company distributes its workforce in two-month periods. The expected labor demand for the next one-year
Question:
A service company distributes its workforce in two-month periods. The expected labor demand for the next one-year period is based on the values given in the table. There are currently 17 people working for the company. According to the company's business policy, all needs must be met, and the amount of overtime allowed is a maximum of 20%. The cost of normal working hours is 5,000 euros per period, and overtime is 50% more expensive. Idletime must also be paid. Hiring a worker in 2000 and laying off will cost 500 euros. Create a workforce plan using a leveling and chase strategy! Please also enter 0 values and avoid using thousands separators (incorrect: 10,000 and 10,000, correct: 10000)!
Leveling strategy | 1. | 2. | 3. | 4. | 5. | 6. | Total | Total cost (euro) |
---|---|---|---|---|---|---|---|---|
Demand | 15 | 18 | 16 | 11 | 10 | 14 | 84 | |
Employees | ||||||||
Utilized time | ||||||||
Undertime | ||||||||
Overtime | ||||||||
Hires | ||||||||
Layoffs | ||||||||
Total cost (euro) |
Chase strategy: | 1. | 2. | 3. | 4. | 5. | 6. | Total | Total cost (euro) |
---|---|---|---|---|---|---|---|---|
Demand | 15 | 18 | 16 | 11 | 10 | 14 | 84 | |
Employees | ||||||||
Utilized time | ||||||||
Undertime | ||||||||
Overtime | ||||||||
Hires | ||||||||
Layoffs | ||||||||
Total cost (euro) |
Contemporary Labor Economics
ISBN: 978-1259290602
11th Edition
Authors: Campbell R. McConnell ,Stanley L. Brue,David Macpherson