EBK OM
EBK OM
6th Edition
ISBN: 9781305888210
Author: Collier
Publisher: YUZU
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Chapter 13, Problem 2CQD
Summary Introduction

Interpretation:

Requirement of number of FTE staff in May through August.

Concept Introduction:

FTE is (Full time equivalent) is the number of hours a full time employee works in a stipulated time period. It shows an average hours for work.

Expert Solution & Answer
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Explanation of Solution

Variables used to calculate FTE staff are:

  • Month
  • Number of days in a month
  • Average forecast of a month
  • Percentage in product mix

Formula to be used are:

  Hoursrequiredforaproduct-i=Numberoffilesforaproduct-i×hoursperfileforproduct-i

  Numberoffilesforaproduct-i=Mixpercentofproduct-i×aggregateforecastofthemonth.

  (given).

  Totalrequiredhoursforthemonth=

  i=110Hoursrequiredforaproducti

  Numberofemployeesrequired=

  TotalrequiredhoursforthemonthNumberofdays×7

.

For the four-month time horizon, the mix percentages will remain the same as given.

    MonthMay
    Working days22
    Total forecast750
    ProductsProduct Mix (%)No. of filesHours per fileHours
    122165.003.60594.00
    217127.502.00255.00
    31397.501.70165.75
    41290.005.50495.00
    51075.004.00300.00
    6967.503.00202.50
    7752.502.00105.00
    8537.502.0075.00
    9322.501.5033.75
    10215.004.0060.00
    Total1007502286
    Required # of workers15
    MonthJune
    Working days20
    Total forecast825
    ProductsProduct Mix (%)No. of filesHours per fileHours
    122181.503.60653.40
    217140.252.00280.50
    313107.251.70182.33
    41299.005.50544.50
    51082.504.00330.00
    6974.253.00222.75
    7757.752.00115.50
    8541.252.0082.50
    9324.751.5037.13
    10216.504.0066.00
    Total1008252514.6
    Required # of workers18
    MonthJuly
    Working days22
    Total forecast900
    ProductsProduct Mix (%)No. of filesHours per fileHours
    122198.003.60712.80
    217153.002.00306.00
    313117.001.70198.90
    412108.005.50594.00
    51090.004.00360.00
    6981.003.00243.00
    7763.002.00126.00
    8545.002.0090.00
    9327.001.5040.50
    10218.004.0072.00
    Total1009002743.2
    Required # of workers18
    MonthJuly
    Working days22
    Total forecast775
    ProductsProduct Mix (%)No. of filesHours per fileHours
    122170.503.60613.80
    217131.752.00263.50
    313100.751.70171.28
    41293.005.50511.50
    51077.504.00310.00
    6969.753.00209.25
    7754.252.00108.50
    8538.752.0077.50
    9323.251.5034.88
    10215.504.0062.00
    Total1007752362.2
    Required # of workers16

In summary, the FTEs required can be written in the following table:

    MonthFTE
    May15
    Jun18
    Jul18
    Aug16

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