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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Step 1: Introduction
VIEWStep 2: Given data
VIEWStep 3: Calculating the data required for all the 3 plans
VIEWStep 4: Plan 1 - A constant workforce, daily production rate = average requirements
VIEWStep 5: Plan 2 - Maintain a constant workforce to meet the lowest demand, and to meet rest by subcontracting
VIEWStep 6: Plan 3 - Hire and layoff workers as needed to produce exact requirements
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