Advantages and disadvantages of varying the workforce according to the demand requirement Introduction: The aggregate plan is the output of sales and operations planning. The major concern of aggregate planning is the production time and quantity for the intermediate future. Aggregate planning would encompass a time prospect of approximately 3 to 18 months.

Question

Want to see the full answer?

Answer 1

Question

Chapter 13, Problem 9DQ

Summary Introduction

To define: Advantages and disadvantages of varying the workforce according to the demand requirement

Introduction: The aggregate plan is the output of sales and operations planning. The major concern of aggregate planning is the production time and quantity for the intermediate future. Aggregate planning would encompass a time prospect of approximately 3 to 18 months.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

QUESTION 2 NAK Consult Ltd is a construction company with many contracts being executed concurrently. A large number of workers are on various construction sites. NAK Consult Ltd has an internal audit department and the team is currently reviewing cash wages systems within the company. The following information is available concerning the wages systems: • Workers on each site are controlled by a foreman. The foreman has a record of all employee numbers and can issue temporary numbers for new employees. • Any overtime is calculated by the computerized wages system and added to the standard pay. • The two staff in the wages department make amendments to the computerized wages system in respect of employee leave, illness, as well as setting up and maintaining all employee records. • The computerized wages system calculates deductions from gross pay, such as employee taxes (PAYE), and other statutory deductions. • Finally, a list of net cash payments for each employee is produced. Cash is…

QUESTION 1 Kofi Kwakye is a 17-year old final year Senior High student from a wealthy home. His academic life had been quite eventful, as he had been part of the top 10 students in his class and had dropped to be part of the last 10 students during the past school term. On 28th May 2022, in the heat of the preparation towards the final examination, Kofi Kwakye took exeat from school to acquire some "provisions" to enable him cope during the final exam period, which was three months ahead. He entered a shop in Accra and, instead of focusing on the "provisions", he purchasee the following items: Microsoft Xbox, the latest iPhone, and a three-piece suit by Pierre Cardin. Kofi Kwakye did not have enough money to pay for all the items at once. He, therefore, agreed with the shop owner, Mr. Ametepe, to pay the outstanding amount owed in five instalments. However, after paying the first instalment, Kofi Kwakye fell into arrears. The two parties then entered into another arrangement under…

QUESTION TWO * Blue Inc. produces a product that has a 6 month demand cycle, as shown below. Each unit requires 10 worker hours to produce, at a labour cost of K6, 000 per hour regular rate or K9, 000 per hour overtime rate. The total cost per unit is estimated at K200, 000 but units can be subcontracted at a cost of K208, 000 per unit. There are currently 20 workers employed in the subject department, and hiring and training costs for additional workers are K300,000 per person; whereas layoff costs are K400,000 per person. Company policy is to retain a safety stock equal to 20% of the monthly forecast, and month's safety stock becomes the beginning inventory for the next month. There are currently 50 units in stock carried at a cost of K2, 000 per unit month. Unit shortage, or stockpots, has been assigned a cost of K20, 000 per unit month. February March April 400 100 21 21 168 May 200 22 176 June 300 20 January 300 Forecast demand 500 Work days 22 19 176 152 168 160 Work hour at 8…