The answer in the boxes is incorrect. **Plan B: Workforce Variation Strategy**This strategy involves adjusting the workforce to meet the previous month's demand. For June, the demand was 1,300 units. The hiring cost for additional workers is $30 per unit produced, while layoffs incur a cost of $60 per unit reduced. All responses are recorded as whole numbers. **Note:** Both hiring and layoff costs occur in the month when the change is implemented (e.g., transitioning from a production of 1,300 units in July to 1,200 units in August results in a layoff of 100 units and associated costs in August).| Month | Demand | Production | Hire (Units) | Layoff (Units) | Ending Inventory | Stockouts (Units) ||------------|--------|------------|--------------|----------------|------------------|-------------------|| 1. July | 1200 | 1300 | 0 | 300 | 0 | 0 || 2. August | 1300 | 1200 | 100 | 0 | 0 | 0 || 3. September| 1200 | 1200 | 0 | 0 | 0 | 0 || 4. October | 1700 | 1200 | 500 | 0 | 0 | 0 || 5. November| 1650 | 1700 | 0 | 50 | 0 | 0 || 6. December| 1650 | 1650 | 0 | 0 | 0 | 0 |**Explanation of the Table:**- **Month:** Lists each month from July to December.- **Demand:** Indicates the number of units required to meet market needs.- **Production:** Refers to the number of units manufactured each month.- **Hire (Units):** The number of units worth of workforce hired that month.- **Layoff (Units):** The number of units worth of workforce laid off that month.- **Ending Inventory:** The remaining stock of units at the end of each month.- **Stockouts (Units):** The number of units short of meeting demand.This strategic plan is designed to avoid inventory build-up by producing exactly what was needed

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Plan B: Vary the workforce to produce the prior month's demand. Demand was 1,300 units in June. The cost of hiring additional workers is $30 per unit produced. The cost of layoffs is $60 per unit cut back. (Enter all responses as whole numbers.) Note: Both hiring and layoff costs are incurred in the month of the change (i.e., going from production of 1,300 in July to 1200 in August requires a layoff (and related costs) of 100 units in August). Month 1 2 3 September 4 October 5 November 6 December July August Demand 1200 1300 1200 1700 1650 1650 Production 1300 1200 1300 1200 1700 1650 Hire (Units) 0 100 0 500 0 0 Layoff (Units) 300 0 100 0 50 0 Ending Inventory 0 0 0 0 0 0 Stockouts (Units) 0 0 0 0 0

Plan B: Vary the workforce to produce the prior month's demand. Demand was 1,300 units in June. The cost of hiring additional workers is $30 per unit produced. The cost of layoffs is $60 per unit cut back. (Enter all responses as whole numbers.) Note: Both hiring and layoff costs are incurred in the month of the change (i.e., going from production of 1,300 in July to 1200 in August requires a layoff (and related costs) of 100 units in August). Month 1 2 3 September 4 October 5 November 6 December July August Demand 1200 1300 1200 1700 1650 1650 Production 1300 1200 1300 1200 1700 1650 Hire (Units) 0 100 0 500 0 0 Layoff (Units) 300 0 100 0 50 0 Ending Inventory 0 0 0 0 0 0 Stockouts (Units) 0 0 0 0 0

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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