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Business
Operations Management
Month# Forecast# Net requirement# Prod. rate# Labor cost# Hiring cost Firing cost 1,000 1,700 2,000 740 100 1,500 Jan 1,800 Feb 2,000 Mar 740 Apr 100 May 1,500 1,700 2,000 740 100 1,500 17,000 20,000 7,400 1,000 15,000 140,000 60,000 0 0 280,000 0 0 504,000 256,000 ?

Month# Forecast# Net requirement# Prod. rate# Labor cost# Hiring cost Firing cost 1,000 1,700 2,000 740 100 1,500 Jan 1,800 Feb 2,000 Mar 740 Apr 100 May 1,500 1,700 2,000 740 100 1,500 17,000 20,000 7,400 1,000 15,000 140,000 60,000 0 0 280,000 0 0 504,000 256,000 ?

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 table below provides the aggregate plan of production by a firm. It is known that the firm uses a chase plan. The firm’s labor cost is $10/unit, hiring cost is $200 per unit of increase, and unit firing cost is $400 per unit of decrease in production. Given this information, what is the number in the cell with the question mark?

Month# Forecast# Net requirement# Prod. rate# Labor cost# Hiring cost Firing cost 1,000 1,700 2,000 740 100 1,500 Jan 1,800 Feb 2,000 Mar 740 Apr 100 May 1,500 1,700 2,000 740 100 1,500 17,000 20,000 7,400 1,000 15,000 140,000 60,000 0 O 280,000 0 0 504,000 256,000 ?
Transcribed Image Text:Month# Forecast# Net requirement# Prod. rate# Labor cost# Hiring cost Firing cost 1,000 1,700 2,000 740 100 1,500 Jan 1,800 Feb 2,000 Mar 740 Apr 100 May 1,500 1,700 2,000 740 100 1,500 17,000 20,000 7,400 1,000 15,000 140,000 60,000 0 O 280,000 0 0 504,000 256,000 ?
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