1 answer

Problem #1 The president of Hill Enterprises, Terri Hill, projects the firm's aggregate demand requirements over...

Question:

Problem #1 The president of Hill Enterprises, Terri Hill, projects the firms aggregate demand requirements over the next 8 months as follows: Jan Feb Mar Apr 1,400 1,600 1,800 1,800 June Ju Aug 2,200 2,200 1,800 1,800 Her operations manager is considering a new plan, which begins in January with 200 units on hand. Stockout cost of lost sales is $100 per unit. Inventory holding cost is $ 20 per unit per month. Ignore any idle- time costs. The plan is called plan A. Plan A: Vary the workforce level to execute a chase strategy by producing the quantity demanded in the prior month. The December demand and rate of production are both 1,600 units per month. The cost of hiring additional workers is $ 5,000 per 100 units. The cost of laying off workers is $ 7,500 per 100 units. Evaluate this plan. PX Note: Both hiring and layoff costs are incurred in the month of the change. For example, going from 1,600 in January to 1,400 in February incurs a cost of layoff for 200 units in February

Problem #1 The president of Hill Enterprises, Terri Hill, projects the firm's aggregate demand requirements over the next 8 months as follows: Jan Feb Mar Apr 1,400 1,600 1,800 1,800 June Ju Aug 2,200 2,200 1,800 1,800 Her operations manager is considering a new plan, which begins in January with 200 units on hand. Stockout cost of lost sales is $100 per unit. Inventory holding cost is $ 20 per unit per month. Ignore any idle- time costs. The plan is called plan A. Plan A: Vary the workforce level to execute a "chase" strategy by producing the quantity demanded in the prior month. The December demand and rate of production are both 1,600 units per month. The cost of hiring additional workers is $ 5,000 per 100 units. The cost of laying off workers is $ 7,500 per 100 units. Evaluate this plan. PX Note: Both hiring and layoff costs are incurred in the month of the change. For example, going from 1,600 in January to 1,400 in February incurs a cost of layoff for 200 units in February

Answers

Period Expected Demand 1 1400 1600 1800 1800 2200 2200 1800 1800 14600 4 TotalPeriodDemand Production(Demand of Previous Month) Inventorv(Units) Stockout(Units) Hire(Units Layoff(Units 1600 1400 1600 1601. December demand was 1,600, and because our strategy is chasing prior-perioddemand, our January production is 1,600. So 200

.

Similar Solved Questions

2 answers
Which of the following pairs of elements would have the most similar chemical properties
Which of the following pairs of elements would have the most similar chemical properties? A.Boron (B) and Fluorine (F) B.Hydrogen (H) and Helium (He) C.Beryllium (Be) and Magnesium (Mg) D.Carbon (C) and Oxygen (O)...
1 answer
QUESTION FOUR (20 MARKS) A protection buyer purchases 6-year protection on a company at a default...
QUESTION FOUR (20 MARKS) A protection buyer purchases 6-year protection on a company at a default swap spread of 400bp. The face value of the protection is K1, 000,000 million. What is the premium payment per year assuming that payments are done monthly? (4 Marks) Explain the difference between the...
1 answer
What is 13 root 3 - 4 root 48 in radical form?
What is 13 root 3 - 4 root 48 in radical form?...
1 answer
Managerial Accounting Fall 2020 A Muhammed Olasupo Homework: Chapter F:17 Homework HW SC Score: 0 of...
Managerial Accounting Fall 2020 A Muhammed Olasupo Homework: Chapter F:17 Homework HW SC Score: 0 of 1 pt 3 of 6 (3 complete) EF 17-16 (similar to) Dona for McCormick Designs, Inc. folio. (Click the icon to view the data) Read the requirements Requirement 1. Prepare a comparative common-size income ...
1 answer
How many moles of the protein cytochrome C (MW = 13,000) are there in 10 ngs...
How many moles of the protein cytochrome C (MW = 13,000) are there in 10 ngs of the substance?...
1 answer
6. Individual and market supply Suppose that Paolo and Sharon are the only suppliers of collectible...
6. Individual and market supply Suppose that Paolo and Sharon are the only suppliers of collectible action figures in a particular market. The following table shows their annual supply schedules: Price (Dollars per action figure) Paolo's Quantity Supplied (Action Figures) Sharon's Quantity S...
1 answer
The mean waiting time at the drive-through of a fast-food restaurant from the time the food...
The mean waiting time at the drive-through of a fast-food restaurant from the time the food is ordered to when it is received is 85 seconds. A manager devises a new system that he believes will decrease the wait time. He implements the new system and measures the wait time for 10 randomly sampled or...
1 answer
17.20 Briefly describe the phenomenon of passiv-ity. Name two common types of alloy that passivate.
17.20 Briefly describe the phenomenon of passiv-ity. Name two common types of alloy that passivate....
1 answer
Paraphrase and summarize the 10 benefits of BIM in healthcare in your own words As the...
Paraphrase and summarize the 10 benefits of BIM in healthcare in your own words As the requirements for healthcare facilities are growing in size and complexity, acceptance and adoption of BIM is also increasing. Why do we see this transition? And what are the benefits that BIM imparts for a he...
1 answer
I only need answers for the Bertrand Nash Equilibrium section. please provide answers with as much...
I only need answers for the Bertrand Nash Equilibrium section. please provide answers with as much details as possible. Thank you Oligopoly There are two firms competing in the market for Airplanes - Boeing and Airbus. The market demand is given by Q = 120 - P. Boeing has lower Marginal Costs of...
1 answer
The concentration of a drug x hours after its administration is approximated by 240x C(x) =...
The concentration of a drug x hours after its administration is approximated by 240x C(x) = 2 -, where C is in milligrams per cubic centimeter and 0 sxs 24. Find the absolu of C(x). 2 + 4 The absolute maximum concentration is (mg/cm® which occurs (Round to the nearest tenth as needed.) hours aft...
1 answer
5. A truck carrying a double trailer climbs 32 m over 1 km of horizontal distance....
5. A truck carrying a double trailer climbs 32 m over 1 km of horizontal distance. Determine the incline, in degrees, of the road traveled by the truck. Then determine the total linear distance traveled by the truck. 6. Support wire is attached to the top of a 16-foot pole to help keep it stable. Th...
1 answer
Question-3 Suppose the consumer’s utility function is given by U (x1 , x2 ) = x1x...
Question-3 Suppose the consumer’s utility function is given by U (x1 , x2 ) = x1x 2 2 . Let the prices of good 1, good 2 be p1 , p2 , and suppose this consumer wants to reach a level of utility U (a) [2] Formulate the consumer’s problem in terms of the Lagrangian (b) [5] Derive the Hicks...
1 answer
Et l A=/1 -4 -3 -4 6 -2 be اني لو م (2) Find a basis...
et l A=/1 -4 -3 -4 6 -2 be اني لو م (2) Find a basis for col A . (ü) Determine whether to is in Col A....
1 answer
Solve the following initial value problem 49y 2sin2.x: y(0)= 1,(0) 0
Solve the following initial value problem 49y 2sin2.x: y(0)= 1,(0) 0...
1 answer
What is the relationship between nursing informatics and interdisciplinary departments in utilizing healthcare informatics and technology?
What is the relationship between nursing informatics and interdisciplinary departments in utilizing healthcare informatics and technology?...
2 answers
2 6. 2pts) Suppose a consumer advocacy group would like to conduct a survey to find...
2 6. 2pts) Suppose a consumer advocacy group would like to conduct a survey to find the proportion "p" of consumers who bought the newest generation of an MP3 player who were happy with their purchase. How large a sample should they take to estimate "p" with 2% margin oferror and 90%...
1 answer
Correctly identifying the part of sppeech of each of the words in the sentences
Correctly identifying the part of sppeech of each of the words in the sentences.Example: The boy hit the ball.The (definte article) boy (subject) hit (past tense verb) the definite article) ball (direct object).1. Mother gave me a card for my birthday.2 The new mail carrier finally arrived.3. How ma...