Question: How to solve Develop a production schedule to produ Develop a production schedule to produce the exact production requirements by varying the workforce size for
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Develop a production schedule to produ
Develop a production schedule to produce the exact production requirements by varying the workforce size for the following problem
The monthly forecasts for Product for January, February, and March are and respectively. Safety stock policy recommends that half of the forecast for that month be defined as safety stock. There are working days in January, in February, and in March. Beginning inventory is units.
Storage cost is $ per unit per month based on ending inventory level, standard pay rate is $ per hour, hiring and training cost is $ per worker, layoff cost is $ per worker, and worker productlvity is unit per hour. Assume that you start off with workers and that they work hours per day. Leave no cells blank be certaln to enter wherever requlred. Input all values as positive values. Round Workers Required up to next higher whole number. Round all other varlables to nearest whole number.
tableJanuary,February,MarchForecastSafety stock,Beginning inventory,Net production,requiredWorkers required,HiredLaid oif,Actual production,Ending inventory,,,
tableJanuary,February,MarchLabor costsInventorn cost;Hiring costLayoff costTotal costsTotalsce the exact production requirements by varying the workforce size for the following problem.
The monthly forecasts for Product for January, February, and March are and respectively. Safety stock policy recommends that half of the forecast for that month be defined as safety stock. There are working days in January, in February, and in March. Beginning inventory is units.
Storage cost is $ per unit per month based on ending inventory level, standard pay rate is $ per hour, hiring and training cost is $ per worker, layoff cost is $ per worker, and worker productivity is unit per hour. Assume that you start off with workers and that they work hours per day. Leave no cells blank be certain to enter wherever required. Input all values as positive values. Round Workers Required up to next higher whole number. Round all other variables to nearest whole number.
tableJanuary,February,MarchForecastSafety stock,Beginning inventory,Net production required,Workers required,HiredLaid off,Actual production,Ending inventory,
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