Problem $8-7($Algo$)$

Develop a production plan and calculate the annual cost for a firm whose demand forecast is: fall, $10,400$ ; winter, $7,900$ ; spring, $6,900$ ; summer, $12,400.$ Inventory at the beginning of fall is $520$ units. At the beginning of fall, you have $35$ workers, but you plan to hire temporary workers at the beginning of summer and lay them off at the end of summer. In addition, you have negotiated with the union an option to use the regular workforce on overtime during winter or spring if overtime is necessary to prevent stock$-$outs at the end of those quarters. Overtime is not available during the fall. Relevant costs are hiring, $$90$ for each temp; layoff, $$180$ for each worker laid off, inventory holding, $$5$ per unitquarter; backorder, $$10$ per unit; regular time, $$5$ per hour; overtime, $$8$ per hour. Assume that t

Problem $8-7($Algo$)$

Develop a production plan and calculate the annual cost for a firm whose demand forecast is: fall, $10,400$; winter, $7,900$; spring, $6,900$; summer,

$12,400.$ Inventory at the beginning of fall is $520$ units. At the beginning of fall, you have $35$ workers, but you plan to hire temporary workers at

the beginning of summer and lay them off at the end of summer. In addition, you have negotiated with the union an option to use the regular

workforce on overtime during winter or spring if overtime is necessary to prevent stock$-$outs at the end of those quarters. Overtime is not

available during the fall. Relevant costs are hiring, $$90$ for each temp; layoff, $$180$ for each worker laid off; inventory holding, $$5$ per unit$-$

quarter; backorder, $$10$ per unit; regular time, $$5$ per hour; overtime, $$8$ per hour. Assume that the productivity is $0\mathrm{.}5$ unit per worker hour, with

eight hours per day and $60$ days per season. In each quarter, produce to the full output of your regular workforce, even if that results in excess

production. In winter and spring, use overtime only if needed to meet the production required in that quarter. Do not use overtime to build

excess inventory in prior seasons expressly for the purpose of reducing the number of temp workers in summer.

Note: Leave the cells blank, whenever zero $(0)$ is required. Negative values should be indicated by a minus sign. Round up "Temp workers",

"Workers hired", and "Workers laid off" to the next whole number and all other answers to the nearest whole number.

Answer is complete but not entirely correct.

Answer is not complete.he productivity is $0\mathrm{.}5$ unit per worker hour, with eight hours per day and $60$ days per season. In each quarter, produce to the full output of your regular workforce, even if that results in excess production. In winter and spring, use overtime only if needed to meet the production required in that quarter. Do not use overtime to build excess inventory in prior seasons expressly for the purpose of reducing the number of temp workers in summer.

Note: Leave the cells blank, whenever zero $(0)$ is required. Negative values should be indicated by a minus sign. Round up "Temp workers", "Workers hired", and "Workers laid off" to the next whole number and all other answers to the nearest whole number.

Answer is complete but not entirely correct.

$\backslash$table$[[,$Fall,Winter,Spring,Summer$],[$Forecast$,10,400,7,900,6,900,12,400],[$Beginning inventory,$520>,1,480,3,960,5,460$