Question: Must be a different solution from Schaums' book ! ! ! Production Planning Mixed Strategy Custom Furniture Co. currently has 100 employees and quarterly demand

Must be a different solution from Schaums' book ! ! ! Must be a different solution from Schaums' book !

Production Planning Mixed Strategy Custom Furniture Co. currently has 100 employees and quarterly demand estimates are shown in Table 11. In the past, the average production rate was 40 units per employee in the 3-month period. The beginning (safety stocks) stocks of the business are 1000 units. Recruitment and training costs, $ 400 per employee; The cost of firing is $ 600 per employee. The cost of holding is $ 8 per unit over a quarterly period. Create a plan by using any production planning strategies, unlike changing workforce size and stock utilization strategies. 3-month demand forecasts for furniture production 1 2 3 4 3500 5000 4000 3450 Period Demand Total 15950

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!