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(Answered) Use the following data: A company has the following demand for


Use the following data:

 

A company has the following demand for
More Details:

Use the following data:,

 

A company has the following demand for the next six months,

 

MONTH | DEMAND | WORKING DAYS |,

 

January | 500 | 21 |,

 

February | 630 | 20 |,

 

March | 580 | 22 |,

 

April | 520 | 19 |,

 

May | 510 | 20 |,

 

June | 560 | 18 |,

 

-------------------------------------------------,

 

,

 

Assume that an employee contributes 8 regular working hours per day. Overtime capacity is limited to a maximum of 25% of regular time capacity. In addition, the following data are available.,

 

Time to produce one unit | 4 hours |,

 

Shortage cost | $10.00/unit/month |,

 

Beginning inventory | 0 |,

 

Inventory,

 

Carrying Cost | $2.00/unit/month |,

 

Hiring Cost/Worker | $100 |,

 

Firing Cost/Worker | $100 |,

 

Regular Time Labor Cost | $10/hour |,

 

Overtime Labor Cost | 20% more than the regular cost |,

 

-------------------------------------------------,

 

Round the number of workers to the next higher integer and production to the nearest lowest integer.,

 

,

 

Suppose chase policy is being used, that is, the number of workers is changed every month to match demand with capacity. How many workers will you fire in March? (Note: you do not need the beginning number of workers to solve this problem).,

 


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