Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
Bartleby Related Questions Icon

Related questions

Question
In this problem we have a company's aggregate production planning activities:
Quarter
Demand Forecast
1
41,500
2
45,000
3
25,000
4
62,500
Beginning Workforce = 87 workers
Production per Employee = 500 units per quarter
Hiring Cost = $850 per worker
Firing Cost = $1,600 per worker
Inventory Carrying Cost = $8 per unit per quarter
Regular Production cost = $ 4 per unit
If a Level Production strategy is used, the annual inventory cost is:
14000
69000
168000
O 172000
expand button
Transcribed Image Text:In this problem we have a company's aggregate production planning activities: Quarter Demand Forecast 1 41,500 2 45,000 3 25,000 4 62,500 Beginning Workforce = 87 workers Production per Employee = 500 units per quarter Hiring Cost = $850 per worker Firing Cost = $1,600 per worker Inventory Carrying Cost = $8 per unit per quarter Regular Production cost = $ 4 per unit If a Level Production strategy is used, the annual inventory cost is: 14000 69000 168000 O 172000
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Similar questions
Recommended textbooks for you
Text book image
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Text book image
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Text book image
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Text book image
Business in Action
Operations Management
ISBN:9780135198100
Author:BOVEE
Publisher:PEARSON CO
Text book image
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Text book image
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.