The average requirements (average daily demand) is For Plan 1: The monthly inventory change in February is The monthly inventory change in May is The ending inventory in March is The total inventory carrying cost is $. The total cost is $_ For Plan 2: Chick-fil-A needs to hire The production rate is The total in-house production is The total subcontracting cost is $. The total cost is $_ For plan 3: The total hiring cost is $ The total layoff cost is $ The total cost is $ Plan is the best plan. units. ___ units/day. units. units. workers to maintain the workforce. units/day. __units.

The average requirements (average daily demand) is For Plan 1: The monthly inventory change in February is The monthly inventory change in May is The ending inventory in March is The total inventory carrying cost is $. The total cost is $_ For Plan 2: Chick-fil-A needs to hire The production rate is The total in-house production is The total subcontracting cost is $. The total cost is $_ For plan 3: The total hiring cost is $ The total layoff cost is $ The total cost is $ Plan is the best plan. units. _ units/day. units. units. workers to maintain the workforce. units/day. units.

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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Chick-fil-A is preparing its aggregate plan for the first six months of 2023. The tables below contain the monthly demand
forecast, working days per month, and cost information.
Month
Expected Demand
Production Days
January
February
March
April
May
June
180
160
220
150
250
240
Inventory carrying cost
Cost of decreasing daily production rate
(layoffs)
20
For Plan 2:
Chick-fil-A needs to hire
The production rate is
The total in-house production is
The total subcontracting cost is $
The total cost is $
20
15 per unit per
month
Subcontracting cost per unit
30 per unit
Regular working hours per day
8 hours
Labor-hours to produce a unit
2 hours/unit
Average pay rate
10 per hour
Overtime pay rate
15 per hour
Cost of increasing daily production rate (hiring 150 per unit
and training)
For plan 3:
The total hiring cost is $
The total layoff cost is $
The total cost is $_
Plan
10
is the best plan.
10
25
15
The company is considering the following three strategies:
Plan 1: A constant workforce, daily production rate = average requirements
Plan 2: Main a constant workforce at a necessary level to meet the lowest demand month, and to meet all demand above
this level by subcontracting.
Plan 3: Hire and layoff workers as needed to produce exact requirements.
Please answer the following questions: (hint: all numbers are integer, no decimal places are needed)
The average requirements (average daily demand) is_____________ units/day.
For Plan 1:
The monthly inventory change in February is
The monthly inventory change in May is
The ending inventory in March is
The total inventory carrying cost is $_
The total cost is $_
200 per unit
units.
units.
units.
workers to maintain the workforce.
units/day.
_units.

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Step 3: Calculating the data required for all the 3 plans

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Step 4: Plan 1 - A constant workforce, daily production rate = average requirements

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Step 5: Plan 2 - Maintain a constant workforce to meet the lowest demand, and to meet rest by subcontracting

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