Question: Q2 The production forecast for each month shown in table below. Given Regular time wage = $140 per hour, Production time for one product

Q2 The production forecast for each month shown in table below. Given

Q2 The production forecast for each month shown in table below. Given Regular time wage = $140 per hour, Production time for one product = 4 hours, Hiring cost = $2000, Layoff cost = $3000, monthly working days= 20, daily working hours = 5, factory workforce = 40. Calculate the total cost of manipulating workforce strategy. Month 1 2 3 4 5 6 Forecast 1100 1500 1200 800 700 900

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Period Forecast 1 2 3 4 5 6 1100 1500 1200 800 700 900 Workers Needed 110025 44 150025 ... View full answer

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