Question: ABC Co . is to plan its workforce and production levels for next year. Forecast demands for the next 4 quarters are 1 1 6
ABC Co is to plan its workforce and production levels for next year. Forecast demands for the next quarters are units. Ending inventory of last year is expected to be and the ABC would like to have a minimum of units in inventory at the end of next year. The cost of holding one unit in inventory for one quarter is $
There are currently workers. The cost of hiring one worker is $ and the cost of firing one worker is $
In the past, the plant manager observed that over working days and with the workforce level constant at workers, ABC produced units.
The number of working days for the next quarters are respectively and
Assume that ABC plans to adopt a level strategy constant workforce plan for next year.
a pts Determine the level of workforcefor next year such that all quarterly demands will be met. How many workers does ABC need to hire at the beginning of next year?
A Hire workers
B Hire workers
C Fire workers
D Fire workers
b Find the inventory level at the end of next year.
A
B
C
D
c Compute the total cost including hiringfiring cost and inventory cost under the constant workforce plan for next year.
A $
ii $
C $
D $
points Same as Problem except that the forecast demands for the next quarters are units.
a pts Determine the level of workforce for next year such that all quarterly demands will be met no backlogging
A workers
B workers
C workers
D workers
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