View previous attempt Problem 8-8 (Algo) Plan production for a four month period: February through May. For February and March, you should produce to exact demand forecast. For April and May, you should use overtime and inventory with a stable workforce, stable means that the number of workers needed for March will be held constant through May. However, government constraints put a maximum of 5,000 hours of overtime labor per month in April and May (zero overtime in February and March). If demand exceeds supply, then backorders occur. There are 100 workers on January 31. You are given the following demand forecast: February, 80,256, March 70,400. April, 100,360: May, 40,360. Productivity is four units per worker hour, eight hours per day, 22 days per month. Assume zero inventory on February 1 Costs are hiring, $45 per new worker, layoff. $65 per worker laid off, inventory holding, $10 per unit monthregular time labor $10 per hour overtime. $15 per hour backorder. $20 per unit. Develop a production plan and calculate the total cost of this plan. Note: Assume any layoffs occur at beginning of next month. (Leave the cells blank, whenever zero (0) is required. Negative values should be indicated by a minus sign. Round your answers to the nearest whole number.) February 80,256 0 80 256 20.064 April 100.360 0 100 380 200 720 May 40,360 0 40.360 80,720 March 70.400 70,400 140.800 87 70,400 0 0 Forecast Beginning inventory Production required Production hours required Regular workforce Regular production Overtime hours Overtime production 114 80 256 0 0 100.400 -80 40 100 400 -120 080 -60,040 6 of 14 80'F Sun 2 30$ OR e to search 6 OT 80 40 Overtime hours Overtime production Total production Ending inventory Ending backorders Workers hired Workers laid off 0 80,256 0 -120,000 60,040 40,300 0 700,400 0 100,300 0 13 points 0 0 0 0 0 0 0 0 0 0 0 0 eBook Hint Print References Regular time Overtime Inventory Backorder Hiring Layoff Total February March April May s 160,5127 $ 1,548,800 $ 2208,800 $ 2.208 800 0 0 0 0 0 0 0 0 0 0 0 0 1,330 0 0 0 0 0 0 0 $ 161,842 S 1548,800 $ 2,208,800 $ 2,208 800 $ 6,128 242 Total cost Mc Graw Hill BD Type here to search