Question: Problem 1 9 - 1 4 ( Algo ) Develop a production schedule to produce the exact production requirements by varying the workforce size for

Problem 19-14(Algo)
Develop a production schedule to produce the exact production requirements by varying the workforce size for the following problem.
The monthly forecasts for Product x for January, February, and March are 960,1,500, and 1,170, respectively. Safety stock policy
recommends that half of the forecast for that month be defined as safety stock. There are 22 working days in January, 19 in February,
and 21 in March. Beginning inventory is 490 units.
Manufacturing cost is $160 per unit, storage cost is $4 per unit per month, standard pay rate is $4 per hour, hiring and training cost is
$160 per worker, layoff cost is $260 per worker, and worker productivity is 0.1 unit per hour. Assume that you start off with 42 workers
and that they work 8 hours per day. (Leave no cells blank - be certain to enter "0" wherever required. Input all values as positive
values. Round Workers Required up to next higher whole numb Problem 19-14(Algo)
Develop a production schedule to produce the exact production requirements by varying the workforce size for the following problem.
The monthly forecasts for Product x for January, February, and March are 960,1,500, and 1,170, respectively. Safety stock policy
recommends that half of the forecast for that month be defined as safety stock. There are 22 working days in January, 19 in February,
and 21 in March. Beginning inventory is 490 units.
Manufacturing cost is $160 per unit, storage cost is $4 per unit per month, standard pay rate is $4 per hour, hiring and training cost is
$160 per worker, layoff cost is $260 per worker, and worker productivity is 0.1 unit per hour. Assume that you start off with 42 workers
and that they work 8 hours per day. (Leave no cells blank - be certain to enter "0" 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.)
Answer is not complete.Answer is not complete.Answer is not complete.Problem 19-14(Algo)
Develop a production schedule to produce the exact production requirements by varying the workforce size for the following problem.
The monthly forecasts for Product x for January, February, and March are 960,1,500, and 1,170, respectively. Safety stock policy
recommends that half of the forecast for that month be defined as safety stock. There are 22 working days in January, 19 in February,
and 21 in March. Beginning inventory is 490 units.
Manufacturing cost is $160 per unit, storage cost is $4 per unit per month, standard pay rate is $4 per hour, hiring and training cost is
$160 per worker, layoff cost is $260 per worker, and worker productivity is 0.1 unit per hour. Assume that you start off with 42 workers
and that they work 8 hours per day. (Leave no cells blank - be certain to enter "0" 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.)
Answer is not complete.
 Problem 19-14(Algo) Develop a production schedule to produce the exact production

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!