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Business
Operations Management
Jan. 1,400 May 2,200 Feb. 1,600 June G 2,200 Mar. 1,800 July 1,800 Apr. 1,800 Aug.o 1,800

Jan. 1,400 May 2,200 Feb. 1,600 June G 2,200 Mar. 1,800 July 1,800 Apr. 1,800 Aug.o 1,800

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The president of HiU Enterprises, Terri Hill, projects the firm's aggregate demand requirements over the next 8 monthsas follows:                                                                                              Her operat ions manager is considering a new pla n, which
begins in January with 200 uni ts on hand . Stockout cost of lost
sales is SlOO per unit. Inventory holding cost is $20 per unit per
month. Ignore any idle-time costs. The plan is called plan A.
Plan A: Vary the workforce level to execute a strategy that produces
the quantity demanded in the prior month. The December
demand and rate of production are both I ,600 units per month. The
cost of hiring additional workers is $5,000 per I 00 uruts. The cost of
laying oiTworkers is $7,500 per 100 units. Evaluate this plan.
Jan. 1,400 May 2,200 Feb. 1,600 June G 2,200 Mar. 1,800 July 1,800 Apr. 1,800 Aug.o 1,800
Transcribed Image Text:Jan. 1,400 May 2,200 Feb. 1,600 June G 2,200 Mar. 1,800 July 1,800 Apr. 1,800 Aug.o 1,800
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