Outline Examples Chase Strategy Level Strategy Optimization
Download

Outline Examples Chase Strategy Level Strategy Optimization

Advertisement
Download Presentation
Comments
maxim
From:
|  
(138) |   (0) |   (0)
Views: 531 | Added: 24-08-2012
Rate Presentation: 1 0
Description:
Chase strategyProduce as much as neededZero inventory, no holding cost, no shortagesZero inventory is difficult to achieve because work hours may not be flexibleLow inventory costs, high smoothing costsLevel strategyProduce a constant amount each periodStable workforce, no hiring/firing, no o
Outline Examples Chase Strategy Level Strategy Optimization

An Image/Link below is provided (as is) to

Download Policy: Content on the Website is provided to you AS IS for your information and personal use only and may not be sold or licensed nor shared on other sites. SlideServe reserves the right to change this policy at anytime. While downloading, If for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.











- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -




8. Develop a production plan and calculate the annual cost for a firm whose demand forecast is fall, 10, 000; winter, 8,000; spring 7,000; summer, 12,000. Inventory at the beginning of fall is 500 units. At the beginning of fall you currently have 30 workers, but you plan to hire temporary workers at the beginning of summer and lay them off at the end of summer. In addition, you have negotiated with the union an option to use the regular workforce on overtime during winter or spring if the overtime is necessary to prevent stock-outs at the end of those quarters. Overtime is not available during fall. (Continued...)

9. Relevant costs are: hiring, $100 for each temp; layoff, $200 for each worker laid off; inventory holding, $5 per unit-quarter; backorder, $10 per unit; straight time, $5 per hour; overtime $8 per hour. Assume that the productivity is 0.5 units per worker hour, with eight hours per day and 60 days per season. Develop a production plan using (1) all the constraints as stated (2) chase strategy, no overtime, work hours not flexible (3) chase strategy, no overtime, flexible hours (self study)


Other Related Presentations

Copyright © 2014 SlideServe. All rights reserved | Powered By DigitalOfficePro