QUESTION 5 (AGGREGATE PLANNING-GRAPHICAL METHOD) ...13.11 Deb Bishop Health and Beauty Products has devel- oped a new shampoo, and you need to develop its aggregate sched- ule. The cost accounting department has supplied you the costs relevant to the aggregate plan, and the marketing department has provided a four-quarter forecast. All are shown as follows: QUARTER 1 2 3 4 Previous quarter's output Beginning inventory Stockout cost for backorders Inventory holding cost Hiring workers Layoff workers Unit cost Overtime Subcontracting COSTS FORECAST 1,400 1,200 1,500 1,300 1,500 units 0 units $50 per unit $10 per unit for every unit held at the end of the quarter $40 per unit $80 per unit $30 per unit $15 extra per unit Not available Your job is to develop an aggregate plan for the next four quarters. a) First, try hiring and layoffs (to meet the forecast) as necessary. b) Then try a plan that holds employment steady. c) Which is the more economical plan for Deb Bishop Health and Beauty Products? PX

QUESTION 5 (AGGREGATE PLANNING-GRAPHICAL METHOD) ...13.11 Deb Bishop Health and Beauty Products has devel- oped a new shampoo, and you need to develop its aggregate sched- ule. The cost accounting department has supplied you the costs relevant to the aggregate plan, and the marketing department has provided a four-quarter forecast. All are shown as follows: QUARTER 1 2 3 4 Previous quarter's output Beginning inventory Stockout cost for backorders Inventory holding cost Hiring workers Layoff workers Unit cost Overtime Subcontracting COSTS FORECAST 1,400 1,200 1,500 1,300 1,500 units 0 units $50 per unit $10 per unit for every unit held at the end of the quarter $40 per unit $80 per unit $30 per unit $15 extra per unit Not available Your job is to develop an aggregate plan for the next four quarters. a) First, try hiring and layoffs (to meet the forecast) as necessary. b) Then try a plan that holds employment steady. c) Which is the more economical plan for Deb Bishop Health and Beauty Products? PX

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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