OPERATIONS MANAGEMENT IN THE SUPPLY CHAIN: DECISIONS & CASES (Mcgraw-hill Series Operations and Decision Sciences)
7th Edition
ISBN: 9781259326738
Author: SCHROEDER
Publisher: MCG
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Chapter 11, Problem 10P
eXcel 10. The Ban go Toy Company produces several types of toys to seasonal demand. The
A regular employee can produce $10,000 worth of toys per month, and the company has so regular employees at the end of June. Regular-time employees are paid $3800 per month, including benefits. An employee on overtime produces at the same rate as on regular time but is paid at 150 percent of the regular pay. Up to 20 percent overtime can be used in anyone month. A worker can be hired for $1000, and it costs $2000 to layoff an employee. Inventory carrying costs are 30 percent per year. The company wishes to end the year with so employees. Beginning inventory of toys is $900,000.
- a. Calculate the cost of a chase strategy.
- b. Calculate the cost of a level strategy.
- c. Using the Excel template, simulate several other strategies.
- d. Determine the effect on the chase strategy, in part a, of changing the hiring cost to $ 1500, $2000, and $2500. What do these changes suggest the relationship is between hiring cost and total cost?
- e. Use the Excel template to study the effect of demand changes on the total cost of the chase strategy. Assume various percentage increases and decreases in demand (110 percent, 120 percent, 210 percent, 220 percent, etc.).
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please help me with Question 3 thanks!
Demand forecasts for 2021 are as follows:
Month
Demand
Jan
140,000
Feb
78,900
Mar
85,800
Apr
89,100
May
123,600
Jun
136,350
Jul
120,450
Aug
106,950
Sep
121,950
Oct
135,750
Nov
87,000
Dec
93,300
Each worker can produce 900 products per month and is paid $1500 per month. Assume that at the end of last year, the company has 100 employees working on the production line. Hiring and layoff (firing) decisions are made at the beginning of each month, and associated costs are charged at that time. It costs the company $400 to hire and $800 to lay off a worker.
The company incurs holding cost for the amount of ending inventory in each month, and incurs backorder cost at the end of each month for any unfilled orders. The company incurs $2 per month for holding one unit in inventory and $4 per unit backorder.
1 Prepare a level aggregate plan. Under this level aggregate plan, how…
The Yeasty Brewing Company Produces a popular local beer known as Iron Stomach.
Beer sales are somewhat seasonal, and Yeasty is planning its production and workforce
levels on March 31 for the next six months. The demand forecasts are as follows:
Month
April
May
June
July
August
September
Production
Days
14
20
24
26
20
18
Forecasted Demand
(in hundreds of cases)
75
100
200
140
100
50
As of March 31, Yeasty had 70 workers on the payroll. Over a period of 20 working days
when there are 100 workers on the pay roll, Yeasty produced 10,000 cases of beer. The
cost to hire each worker is $200 and the cost of laying off each worker is $400. Holding
costs amount to 1 dollar per case per month.
As of March 31, Yeasty expects to have 3,000 cases of beer in stock. It plans to start
October with 3,500 cases on hand.
a) Formulate the problem of planning Yeasty's production levels as a linear
program.
b) Use Excel solver to solve the problem and give the solution (decision variables
and objective…
Short term forecast can be
used for the following
operation.
O a. Planning new facility
O b. Preparing daily worker
schedule
O c. Introducing new
product
O d. Purchasing new
equipment
Chapter 11 Solutions
OPERATIONS MANAGEMENT IN THE SUPPLY CHAIN: DECISIONS & CASES (Mcgraw-hill Series Operations and Decision Sciences)
Ch. 11 - Prob. 1DQCh. 11 - Prob. 2DQCh. 11 - A school district has forecast student enrollment...Ch. 11 - Prob. 4DQCh. 11 - Prob. 5DQCh. 11 - SOP or aggregate planning sometimes is confused...Ch. 11 - The XYZ Company manufactures a seasonal product....Ch. 11 - Prob. 8DQCh. 11 - Every firm has multiple objectives such as good...Ch. 11 - Prob. 10DQ
Ch. 11 - Prob. 11DQCh. 11 - Suppose we are considering the question of how...Ch. 11 - The Ace Steel Mill estimates the demand for steel...Ch. 11 - A barbershop has the following demand for haircuts...Ch. 11 - Prob. 4PCh. 11 - Prob. 5PCh. 11 - eXcel The Chewy Candy Company would like to...Ch. 11 - A company produces to a seasonal demand, with the...Ch. 11 - Prob. 8PCh. 11 - Question: 9. The Restwell Motel in Orlando,...Ch. 11 - eXcel 10. The Ban go Toy Company produces several...Ch. 11 - A small textile company makes several types of...Ch. 11 - Valley View Hospital faces somewhat seasonal...
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