Question: Trial and Error - Chase Demand with Subcontracting 1. How many workers will be fired by in the 1 st quarter? 2. How many extra

Trial and Error - Chase Demand with Subcontracting

1. How many workers will be fired by in the 1^st quarter?

2. How many extra workers will the company need in the 3^rd quarter?

3. What is the cost of the Production Plan?

Given the following information: Regular Prod. Capacity = 6,000 units/qtr Quarter Demand Overtime Prod. Capacity = 3,000 units/qtr 1 10,000 Subcontracting Capacity = 10,000 units/qtr Inventory Capacity = 8,000 units/qtr 2 6,000 Beginning Inventory = 0 units 3 7,000 Beginning workforce = 50 workers Production rate/worker = 250 units/qtr Regular Prod. Cost = $10/unit Overtime Prod. Cost = $15/unit Subcontracting Cost = $20/unit Inventory Cost = $4/unit/qtr Backordering Cost = $12/unit/qtr Hiring Cost = $1000/worker Firing Cost = $2000/worker Trial and Error is to be used to determine a production plan mixing Chase Demand and Subcontracting strategies

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