Please discuss the following: In dealing with productivity and cost challenges, organizations must manage the size their workforces. Classify two (2) ways of adjusting the size of workforce to the demand of the firm.
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Please discuss the following:
- In dealing with productivity and cost challenges, organizations must manage the size their workforces. Classify two (2) ways of adjusting the size of workforce to the demand of the firm.
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- Two types of cars (Deluxe and Limited) were produced by a car manufacturer last year. Quantities sold, price per unit, and labor hours are given below. QUANTITY $/UNIT $ 9,050/car $10,550/car Deluxe car 3,625 units sold 6,525 units sold 22,750 hours 29,865 hours Limited car Labor, Deluxe Labor, Limited $ 12/hour $ 15/hour What is the labor productivity for each car? Provide two sets of figures: units per labor hour, and dollar of output per dollar of labor expense. (Round your answers to 2 decimal places.) Labor Productivity Units/hour Dollars Deluxe car Limited carTo what ends should the available resources be put, in order to fulfill customer demands?How can organizations effectively incorporate qualitative and quantitative forecasting techniques in their operations management to improve decision-making and optimize resource allocation?
- What are the five reasons productivity is difficult to improve in the service sector?Mance Fraily, the Production Manager at Ralts Mills, can currently expect his operation to produce 1000 square yards of fabric for each ton of raw cotton. Each ton of raw cotton requires 5 labor hours to process. He believes that he can buy a better-quality raw cotton, which will enable him to produce 1200 square yards per ton of raw cotton with the same labor hours. What will be the impact on productivity (measured in square yards per labor-hour) if he purchases the higher quality raw cotton?Collins Title Insurance Ltd. wants to evaluate its labor and multifactor productivity with a new computerized title-search system. The company has a staff of four, each working 8 hours per day (for a payroll cost of $640/day) and overhead expenses of $400 per day. Collins processes and closes on 8 titles each day. The new computerized title-search system will allow the processing of 14 titles per day. Although the staff, their work hours, and pay are the same, the overhead expenses are now $800 per day.
- Provie a tool of Management Science similar to line balancing tool and provode the advantages and disadvantages of using that tool.Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,200 tires per day with the following resources: Labor: 400 hours per day @ $12.00 per hour 20,000 pounds per day @ $1.50 per pound $5,250 per day $10,250 per day Raw Material: Energy: Capital: a) Labor productivity per labor hour for these tires = tires/labor hour (round your response to two decimal places). b) Multifactor productivity for these tires tires/dollar (round your response to four decimal places). %3DPak Andi is a director of a cake factory in the Bekasi area. To produce 900 cakes per day it takes the following things: Labor 300 hours per day @ $ 96 per hour Raw material 3 tons per day @ $ 2 per kg Energy $ 10,000 per day Capital cost $ 5,000 per day a. What is the labor productivity per labor-hour for the production of cakes at the factory?b. What is the multifactor productivity for cake production at the factory?c. If Mr. Andi wants to increase his production to 1,500 cakes per day without changingother variables, what is the productivity now?
- Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,200 tires per day with the following resources: Labor: 425 hours per day @ $ 12.50 per hour Raw Material: 20,000 pounds per day @ $ 1.50 per pound Energy: $ 5,000 per day Capital: $ 10,250 per day a) Labor productivity per labor hour for these tires = enter your response here tires/labor hour (round your response to two decimal places). b) Multifactor productivity for these tires = enter your response here tires/dollar (round your response to four decimal places). c) The percent change in multifactor productivity if Fok can reduce the energy bill by $ 1,000 per day without cutting production or changing any other inputs = enter your response here % (enter your response as a percentage rounded to two decimal places).…When attempting to assess efficiency, what are the calculation issues that arise?In their efforts to plan for production, the Operations Planning Group at the Akon Manufacturing Company collected the following data about its operations: Number of employees at the start of the first quarter 126 Cost per employee $3,500 per quarter Number of units produced per employee 100 per quarter Over-time Not allowed Demand for the first quarter 12,800 units Demand for the second quarter 12,500 units Demand for the third quarter 13,100 units Demand for the fourth quarter 12,100 units Cost of hiring a worker $3,000 Cost of laying off a worker $2,000 Inventory carrying cost per unit $250 per year Backorder cost per unit $125 per quarter Initial inventory 500 Develop a Level Capacity aggregate plan. Develop a Matching Capacity to Aggregate Demand plan that ensures zero inventory at the end of quarter 4. What is the cost of each plan?