Period Estimated demand Recruitment Dismissal (XX=8, YY=20) In the table on the side, the change in the
Question:
Period Estimated demand Recruitment Dismissal (XX=8, YY=20)
In the table on the side, the change in the 6-month demand for a product and workforce at the firm's point of meeting these demands changes in its capacity. Initial inventory on hand (20 x 20) iFor example, 20 z: If it is 28, the starting stock is 560.l and 30 workers are employed. is in position. 160 hours of work per month and if it is a product It can be produced in an average of 4 hours. hunting regular time If the production with overtime is decided and a worker can work for a maximum of 20 hours per month. can work overtime.
1) Although this company uses all its monthly production capacity and stock, it cannot meet the demand of that month. At this point, the contracted subcontractor completes the missing part. Between the company and its subcontractor According to the agreement, the subcontractor is responsible for producing a maximum of 1000 products per month. It charges 250 TL. The material cost per unit is 75 TL, the inventory cost is 25 TL, and the cost of selling out is 350 TL, respectively. While the cost of employment is 4500 TL, the cost of dismissal is 6000 TL. regular work The above 6-month capacity usage in case the wage is 40 TL and the overtime wage is 60 TL What is the cost of the policy to the firm?
2) A retailer sells children's scooters from the manufacturer for 1150 TL at the beginning of the season. He aims to buy one of them for 750 TL. At the end of the season, scooters are out of stock. The value is estimated to be 650 TL. (i) The retailer's expectation of weekly average demand is 80 and the standard deviation of demand is 53. expects it to happen. In the preliminary negotiations with a manufacturer, the products are procured in an average of 16 weeks. It was stated that the standard deviation of the lead time could be up to 9 weeks. (ii) The retailer met with another firm because he found the profit level to be low according to his calculations. The second company says that it can deliver the products in an average of 10 weeks with a standard deviation of 4 weeks. transferred it. In addition to the opportunities offered by this offer, the retailer company provides additional forecasting studies. with the knowledge that the average demand will be 200 and the standard deviation will be 33. As a result of the calculation, he concluded that the expected profit would be at the desired level.
Calculate the expected level of profit or loss in cases (i) and (ii).
Expert Answer:
Solution 1 To calculate the cost of the policy to the firm we need to consider the different components involved Lets break it down step by step a Cost of production by the company Monthly demand 3000 ... View the full answer
