Question: Fort Wayne Plastics Inc is trying to develop a plan for its workforce and production levels for the six - month period from January to
Fort Wayne Plastics Inc is trying to develop a plan for its workforce and production levels for the sixmonth period from January to June. The firm produces plastic components. Forecast demands over the next six months are and There are currently end of December workers employed in the plant. Ending inventory in December is expected to be units, and the firm would like to have units on hand at the end of June. The cost of hiring one worker is $ The cost of firing a worker is $ The cost of holding one unit of inventory for one month is $
In the past, the plant manager observed that over working days, with the workforce level constant at workers, the firm produced plastic components. The number of working days per month from January to June for this year is Find the optimal production per month as well as the corresponding optimal cost for this plan.
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