O Suppose we wish to set up a production plan for the JC Company for the next six months. We are give the following information: Number of working days Demand forecast Beginning Inventory Workforce size Labor hours required per unit: Safety stock: Straight-time cost per hour (first 8 hrs) Overtime cost per hour Inventory holding cost (unit/month) Jan 22 2000 157,000 156,000 155,000 158,000 Feb March April May 22 19 21 21 1800 1200 1100 1100 0 30 5 25% of the demand forecast $3,00 $5,00 $1,00 June 20 1400 JC Company is planning to produce using a constant workforce (given above) on regular time and the will use overtime to meet additional output requirements. Calculate the total cost of this plan.
O Suppose we wish to set up a production plan for the JC Company for the next six months. We are give the following information: Number of working days Demand forecast Beginning Inventory Workforce size Labor hours required per unit: Safety stock: Straight-time cost per hour (first 8 hrs) Overtime cost per hour Inventory holding cost (unit/month) Jan 22 2000 157,000 156,000 155,000 158,000 Feb March April May 22 19 21 21 1800 1200 1100 1100 0 30 5 25% of the demand forecast $3,00 $5,00 $1,00 June 20 1400 JC Company is planning to produce using a constant workforce (given above) on regular time and the will use overtime to meet additional output requirements. Calculate the total cost of this plan.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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