Question: BA 357 are Group Assignment 1 100 points Mr. Meadows Cookie Co. makes a variety of chocolate chip cookies in a plant in Albion, MI.

BA 357 are Group Assignment 1 100 points Mr.

BA 357 are Group Assignment 1 100 points Mr. Meadows Cookie Co. makes a variety of chocolate chip cookies in a plant in Albion, MI. During a 46-day period when there were 120 workers, the company produced 1.7 million cookies (use this information to determine production capacity of each worker). Estimated demands for the next four months 850, 1260, 510, and 980 [in 1000s of cookies). There are 26, 24, 20, and 16 workdays, respectively, in the next four months, and there are currently 100 workers employed. Costs are estimated as follows: cost of holding inventory is 10 cents per cookie per month, cost of hiring a worker is $1000, cost of laying off a worker is $2000, and workers are paid $80 a day. Workers must be kept on payroll for no less than one month. All demands are to be met in periods in which they occur, and no backorders/stockouts, overtime, or undertime is allowed. a) Determine a chase plan for Mr. Meadows Cookie Co. over the next 4 months. (35 points) b) Determine a level plan for Mr. Meadows Cookie Co. over the next 4 months. (35 points) c) Can you find a better (cheaper) mixed plan? (30 points)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!