Question: Problem II Dade Industries makes syringes. The demand for the next four quarters and the cost data are given below. Each employee can produce 100

Problem II Dade Industries makes syringes. The

Problem II Dade Industries makes syringes. The demand for the next four quarters and the cost data are given below. Each employee can produce 100 syringes per quarter. Because of union contract no overtime is permissible. The current work force is 18 workers. Quarter 2 3 Demand 1500 2000 1800 2500 Hiring costs = $1000/ worker; Layoff costs = $ 700/worker; Regular time wages = $10000/worker/quarter; Inventory holding costs = $2.00/unit/quarter 1 4 1. For a level strategy in this manufacturing example: a. Which decision variable is maintained constant in the planning horizon? What factor varies? b. What information helps you decide the production rate needed? c. What is the production rate? d. Calculate the workers needed (round up to a full worker). e. Calculate the anticipation inventory. Quarter 2 3 4 1500 2000l 1800 2500 Beginning Inventory Production Rate Forecasted demand Ending Inventory Planned Workforce Planned Hires Planned Layoffs 2. Calculate the cost of the above strategy

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