What would be the cost of the 46-worker production plan? Assume the following costs: Holding Cost...

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What would be the cost of the 46-worker production plan? Assume the following costs: Holding Cost (per unit per month): $8.50 Hiring Cost per worker: $800 Firing Cost per worker: $1,250 Payroll Cost: $75/worker/day Shortage Cost: $50 unit short/month O O O O O • Assume that the work force at end of Dec was 40. • How many did you have to hire? O Starting inverl Ending invent K= 0.342105263 units/worker*day Holding cost per unit per month hiring cost per worker Firing cost per worker Payroll costs Shortage cost Number of workers: Month January February March April May June 200 100 July August Month (t) 0 1 2 3 4 +56 7 8 Forecaste d Demand 0 420 280 460 190 310 145 110 125 8.5 800 1250 75 50 Net Demand 0 220 280 460 190 310 145 110 225 Cumulative Net Demand 0 220 500 960 1150 1460 1605 1715 1940 Working days 22 16 23 20 21 22 21 22 Number of workers Production plan (based Cumulative on workers) production Inventory Workers hired Workers fired What would be the cost of the 46-worker production plan? Assume the following costs: Holding Cost (per unit per month): $8.50 Hiring Cost per worker: $800 Firing Cost per worker: $1,250 Payroll Cost: $75/worker/day Shortage Cost: $50 unit short/month O O O O O • Assume that the work force at end of Dec was 40. • How many did you have to hire? O Starting inverl Ending invent K= 0.342105263 units/worker*day Holding cost per unit per month hiring cost per worker Firing cost per worker Payroll costs Shortage cost Number of workers: Month January February March April May June 200 100 July August Month (t) 0 1 2 3 4 +56 7 8 Forecaste d Demand 0 420 280 460 190 310 145 110 125 8.5 800 1250 75 50 Net Demand 0 220 280 460 190 310 145 110 225 Cumulative Net Demand 0 220 500 960 1150 1460 1605 1715 1940 Working days 22 16 23 20 21 22 21 22 Number of workers Production plan (based Cumulative on workers) production Inventory Workers hired Workers fired

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Month Montht Forecasted Demand Net demand Cumulative net demand Working days No ... View the full answer