create the plan and chase strategy using the table above

part 2

t For the plan presented in the table below, it has been shown that 76 workers in 22 days have produced 245 products. Suppose the numbers of working days available for January, February March April May and June respectively are 20, 24, 18, 26, 22, and 15, which of the pure strategies would adopted for the execution of this plan? Forecast D, Other production planning parameters 780 Production costs = $15/unit 2 640 Inventory holding costs $80/unit 900 Hiring costs = $500/worker 1200 Firing costs -S1000/worker 2000 Number of workers - 300 2000 Production rate/worker - 25/period Starting inventory - 500 and ending inventory = 600 3 4 5 6 Question 2 1 The forecasts below is for a particular planning horizon; suppose overtime (OT) period is allowed for meeting demand that could not be met in the regular production time (RT). Your Chief Executive has asked you to prepare an aggregate plan that will keep both the number of workforce and the inventory level constant. Show how you would accomplish this task. t Forecast D Other production planning parameters 2200 Production costs = S15/unit 2 1700 Inventory holding costs =S5/unit 2000 Hiring costs = $100/worker 4 1567 Firing costs - $300/worker 1600 Number of workers - 10 Production rate/worker - 25/period Starting and ending inventories - 500 S Using the given forecast and the planning horizon, suppose the maximum regular production time (RT) of 90 hours is allowed per time such that any requirement over this maximum can be produced in an overtime period (OT) determine: (i) Complete the table below for an adequate for both plans (ii) Suggest an adequate plan for this production and state your reasons. Other production planning parameters RT costs - $200/production hours Overtime OT -S300production hours Inventory holding costs -$40/production hours/month Hiring costs - $120/worker production hour Firing costs - $70/worker production hour Number of workers - 25 Max RT production rate is 90 hours Overtime can be used to product any other requirements above the maximum Chase plan Workforce Requirement W Hiring Firing WL Production Pt (RD) Expected It OT Dt t 0 1 2 3 4 5 6 Total Costs Total cost Production Pt (RT) Expected It OT Dt Level plan Workforce Requirement t W1 W Hiring Firing 0 1 2 3 4 5 6 Total Costs Total cost t For the plan presented in the table below, it has been shown that 76 workers in 22 days have produced 245 products. Suppose the numbers of working days available for January, February March April May and June respectively are 20, 24, 18, 26, 22, and 15, which of the pure strategies would adopted for the execution of this plan? Forecast D, Other production planning parameters 780 Production costs = $15/unit 2 640 Inventory holding costs $80/unit 900 Hiring costs = $500/worker 1200 Firing costs -S1000/worker 2000 Number of workers - 300 2000 Production rate/worker - 25/period Starting inventory - 500 and ending inventory = 600 3 4 5 6 Question 2 1 The forecasts below is for a particular planning horizon; suppose overtime (OT) period is allowed for meeting demand that could not be met in the regular production time (RT). Your Chief Executive has asked you to prepare an aggregate plan that will keep both the number of workforce and the inventory level constant. Show how you would accomplish this task. t Forecast D Other production planning parameters 2200 Production costs = S15/unit 2 1700 Inventory holding costs =S5/unit 2000 Hiring costs = $100/worker 4 1567 Firing costs - $300/worker 1600 Number of workers - 10 Production rate/worker - 25/period Starting and ending inventories - 500 S Using the given forecast and the planning horizon, suppose the maximum regular production time (RT) of 90 hours is allowed per time such that any requirement over this maximum can be produced in an overtime period (OT) determine: (i) Complete the table below for an adequate for both plans (ii) Suggest an adequate plan for this production and state your reasons. Other production planning parameters RT costs - $200/production hours Overtime OT -S300production hours Inventory holding costs -$40/production hours/month Hiring costs - $120/worker production hour Firing costs - $70/worker production hour Number of workers - 25 Max RT production rate is 90 hours Overtime can be used to product any other requirements above the maximum Chase plan Workforce Requirement W Hiring Firing WL Production Pt (RD) Expected It OT Dt t 0 1 2 3 4 5 6 Total Costs Total cost Production Pt (RT) Expected It OT Dt Level plan Workforce Requirement t W1 W Hiring Firing 0 1 2 3 4 5 6 Total Costs Total cost