MyLab Operations Management with Pearson eText -- Access Card -- for Operations Management: Processes and Supply Chains
MyLab Operations Management with Pearson eText -- Access Card -- for Operations Management: Processes and Supply Chains
12th Edition
ISBN: 9780134742366
Author: Lee J. Krajewski, Manoj K. Malhotra, Larry P. Ritzman
Publisher: PEARSON
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Chapter 10, Problem 3P

a

Summary Introduction

Interpretation: Plan for employment which has mixed strategy and has the low cost is to be proposed.

Concept Introduction:

Mixed strategy plans are made in which both permanent and temporary employees are enrolled. This is one to minimize the overall cost of hiring.

b

Summary Introduction

Interpretation: Advantages and disadvantages of having both permanent and temporary employees are to be discussed.

Concept Introduction:

Permanent employees are those who work for full time, have governmental rights for their protection and work till retirement.

Temporary employees are those who are hired for some specific project or task and leaves the firm when work is done.

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A manager faces peak (weekly) demand for one of her op-erations, but is not sure how long the peak will last. She caneither use overtime from the current workforce, or hire/lay off and just pay regular-time wages. Regular-time pay is$550 per week, overtime is $825 per week, the hiring cost is$2,000, and the layoff cost is $3,000. Assuming that peopleare available seeking such a short-term arrangement, howmany weeks must the surge in demand last to justify atemporary hire? Hint: Use break-even analysis (see Supple-ment A, “Decision Making Models”). Let w be the numberof weeks of the high demand (rather than using Q for thebreak-even quantity). What is the fixed cost for the regular-time option? Overtime option?
A manager faces peak (weekly) demand for one of her op-erations, but is not sure how long the peak will last. She caneither use overtime from the current workforce, or hire/lay off and just pay regular-time wages. Regular-time pay is$500 per week, overtime is $750 per week, the hiring cost is$2,000, and the layoff cost is $3,000. Assuming that peopleare available seeking such a short-term arrangement, howmany weeks must the surge in demand last to justify a tem-porary hire? Hint: Use break-even analysis (see SupplementA, “Decision Making”). Let w be the number of weeks ofthe high demand (rather than using Q for the break-evenquantity). What is the fixed cost for the regular-time option?Overtime option?
Answer the following questions applying the Constant Workforce strategy assuming: one daily shift of 8 hours, a $10 hour salary, a hiring cost of $400, a firing cost of $500, a storage cost of $10 , and a late order cost of $20.     January February March April May June Total 1 Days 21 20 23 21 22 22 129 2 Units per Worker 126             3 Demand 1840 4068 3980 3540 3180 2642 19250 4 Workers Needed               5 Workers Available 30             6 Workers Hired               7 Hiring Cost               8 Workers Fired               9 Firing Cost               10 Current Workers               11 Labor Cost               12 Produced Units               13 Net Inventory               14 Storage Cost               15 Late Orders Cost               16 Total Cost                 a) Labor cost in January: b) Net inventory in April: c) Late…

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MyLab Operations Management with Pearson eText -- Access Card -- for Operations Management: Processes and Supply Chains

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