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Problem Data Cost data Regular-time labor cost per hour Overtime labor cost per hour Subcontracting cost per unit (labor only) Holding cost per unit per period Back-order cost per unit per period Hiring cost per employee Firing cost per employee Capacity data Beginning workforce Beginning inventory Labor standard per unit Regular time available per period Overtime available per period Subcontracting maximum per period Subcontracting minimum per period $10.00 $15.00 $84.00 $10.00 $20.00 $600.00 $450.00 210 employees 400 units 6 hours 160 hours 32 hours 1000 units 500 units Demand data Period 1 6000 units Period 2 4800 units Period 3 7840 units Period 4 5200 units Period 5 6560 units Period 6 3600 units

Problem Data Cost data Regular-time labor cost per hour Overtime labor cost per hour Subcontracting cost per unit (labor only) Holding cost per unit per period Back-order cost per unit per period Hiring cost per employee Firing cost per employee Capacity data Beginning workforce Beginning inventory Labor standard per unit Regular time available per period Overtime available per period Subcontracting maximum per period Subcontracting minimum per period $10.00 $15.00 $84.00 $10.00 $20.00 $600.00 $450.00 210 employees 400 units 6 hours 160 hours 32 hours 1000 units 500 units Demand data Period 1 6000 units Period 2 4800 units Period 3 7840 units Period 4 5200 units Period 5 6560 units Period 6 3600 units

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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Problem Data Cost data Regular-time labor cost per hour Overtime labor cost per hour Subcontracting cost per unit (labor only) Holding cost per unit per period Back-order cost per unit per period Hiring cost per employee Firing cost per employee Capacity data Beginning workforce Beginning inventory Labor standard per unit Regular time available per period Overtime available per period Subcontracting maximum per period Subcontracting minimum per period $10.00 $15.00 $84.00 $10.00 $20.00 $600.00 $450.00 210 employees 400 units 6 hours 160 hours 32 hours 1000 units 500 units Demand data Period 1 6000 units Period 2 4800 units Period 3 7840 units Period 4 5200 units Period 5 6560 units Period 6 3600 units
Transcribed Image Text:Problem Data Cost data Regular-time labor cost per hour Overtime labor cost per hour Subcontracting cost per unit (labor only) Holding cost per unit per period Back-order cost per unit per period Hiring cost per employee Firing cost per employee Capacity data Beginning workforce Beginning inventory Labor standard per unit Regular time available per period Overtime available per period Subcontracting maximum per period Subcontracting minimum per period $10.00 $15.00 $84.00 $10.00 $20.00 $600.00 $450.00 210 employees 400 units 6 hours 160 hours 32 hours 1000 units 500 units Demand data Period 1 6000 units Period 2 4800 units Period 3 7840 units Period 4 5200 units Period 5 6560 units Period 6 3600 units
Q. Jack is concerned about his company's corporate image and has decided against using hires and fires. Instead, he has asked you to consider a chase aggregate plan using the current workforce supplemented by either overtime or undertime to change capacity to match demand exactly. He has asked for the following information from you: (a) How many production hours would be required each period to produce the exact quantity needed? (b) How many regular-time production hours are available each period? (c) How many overtime production hours would be needed each period? (d) Show what would happen if this plan were implemented. (e) Calculate the costs associated with this plan. (f) Evaluate the plan in terms of cost, customer service, operations, and human resources. (g) Compare this chase strategy with level strategy and conclude which is better.
Transcribed Image Text:Q. Jack is concerned about his company's corporate image and has decided against using hires and fires. Instead, he has asked you to consider a chase aggregate plan using the current workforce supplemented by either overtime or undertime to change capacity to match demand exactly. He has asked for the following information from you: (a) How many production hours would be required each period to produce the exact quantity needed? (b) How many regular-time production hours are available each period? (c) How many overtime production hours would be needed each period? (d) Show what would happen if this plan were implemented. (e) Calculate the costs associated with this plan. (f) Evaluate the plan in terms of cost, customer service, operations, and human resources. (g) Compare this chase strategy with level strategy and conclude which is better.
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