Question: Please put each plan into Excel! Management at the Orange Office Products Corporation (OOP) has determined the following demand schedule (in units): An employee can

Please put each plan into Excel!

Please put each plan into Excel! Management at the Orange Office Products

Management at the Orange Office Products Corporation (OOP) has determined the following demand schedule (in units): An employee can produce an average of 10 units per month. Each worker on the payroll costs $2000 in regular-time wages per month. Each employee can produce 5 extra units per month on overtime, but it costs an additional $300 in overtime cost per unit produced in overtime. They also have the option of using a local subcontractor, but to do so cost an additional $250 per unit. Presently, 140 employees are on the payroll. OOP can hire and train a new employee for $1000 and lay off one for $500. Inventory costs $40 per unit on hand based on average inventory at the end of each month. The following policies are in place for all 3 plan options below: - They are not allowed to use overtime nor subcontracting to build inventory - No back-orders nor backlogs are permitted; they must fill all customer demand each period. - There is no regular time under-utilization of production; must use regular production at 100% capacity each month. 1. Compute a plan to meet all demand by using overtime and inventory (unlimited) as needed. No subcontracting is to be used and hiring and firing of workers is not allowed; other than a one time workforce adjustment at the beginning of the plan. They are not allowed to use overtime to build inventory. Determine the lowest total cost of this plan. 2. Compute a plan to meet all demand by using hiring and firing with a no overtime and no inventory policy. Subcontracting can be used and supply up to 50 additional units per month. Determine the lowest total cost of this plan. 3. Compute a mixed-hybrid production plan using a combination of inventory, overtime, subcontracting, hiring and firing and calculate its total cost. For this plan, the maximum number of employees that can be hired or laid-off in a single period at one time is 50 (this is only per period; not the entire plan). Furthermore, subcontractors can only supply up to 40 additional units per month and each employee can produce 5 extra units per month on overtime. Also, they are not allowed to use overtime nor subcontracting to build inventory. This mixed-strategy hybrid plan's cost MUST be less than the previous two plans

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