Mr. Meadows Cookie Company makes a variety of chocolate chip cookies inthe plant in Albion, Michigan. Based on orders received and forecasts of buying habits, it is estimated that the demand for the next four months is 850, 1,260, 510, and 980, expressed in thousands of cookies. During a 46-dayperiod when there were 120 workers, the company produced 1.7 million cookies. Assume that the number of workdays over the four months are respectively26, 24, 20, and 16. There are currently 100 workers employed, and there is nostarting inventory of cookies.a. What is the minimum constant workforce required to meet demand over thenext four months?b. Assume that cI 5 10 cents per cookie per month, cH 5 $100, and cF 5 $200.Evaluate the cost of the plan derived in part (a).c. Formulate as a linear program. Be sure to define all variables and include therequired constraints.d. Solve for the optimal solution
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Mr. Meadows Cookie Company makes a variety of chocolate chip cookies in
the plant in Albion, Michigan. Based on orders received and
period when there were 120 workers, the company produced 1.7 million cookies. Assume that the number of workdays over the four months are respectively
26, 24, 20, and 16. There are currently 100 workers employed, and there is no
starting inventory of cookies.
a. What is the minimum constant workforce required to meet demand over the
next four months?
b. Assume that cI 5 10 cents per cookie per month, cH 5 $100, and cF 5 $200.
Evaluate the cost of the plan derived in part (a).
c. Formulate as a linear program. Be sure to define all variables and include the
required constraints.
d. Solve for the optimal solution
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