Question: Part 1 Given the following: table [ [ Quarter , Demand ] , [ 1 , 4 , 8 0 0 ] , [
Part
Given the following:
tableQuarterDemand
Production rateworker unitsqtr
Beginning work force workers
Beginning inventory units
Note: there are only quarters
Regular Prod. Cost $ unit
Inventory cost $ unitqtr
Hiring cost $ worker
Firing cost $ worker
Develop a Production Plan using the Level Production strategy. What is the cost?
Develop a Production Plan using the Chase Demand strategy. What is the cost?
Based on cost which strategy should be chosen?
Part
tableQuarterDemand
Given the following:
Regular Prod. Capacity unitsqtr Overtime Prod. Capacity unitsqtr Subcontracting Capacity unitsqtr Production rateworker unitsatr Beginning work force Beginning Inventory
Regular Prod. Cost $ unit Overtime Prod. Cost $ unit Subcont Prod. Cost $ unit Inventory Cost $ unitqtr Hiring Cost $ worker Firing Cost $ worker Backordering Cost $ unitatr
Develop a Production Plan using Level Production with Overtime and Subcontracting strategies.
What is the cost of the plan?
How many units will be produced by the Subcontractor during the quarter?
Develop a Production Plan using Level Production with Backorders.
What is the cost of the plan?
How many units total will be on Backorder during the quarter?
Develop a Production Plan using Chase Demand with Subcontracting strategies.
What is the cost of the plan?
How many workers will be hired by the company during the quarter?
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