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Densepack company produces disk drives for mainframe computers. The following information is given for optimizing their workforce level:
Planning Horizon: 6 month (Jan-Jun)Forecasted Demands: 1280, 640, 900, 1200, 2000, 1400Current Workforce: 300 workers
Ending inventory in December is expected to be 500 units and they want to have 600 units on hand at the end of June.
CH = cost of hiring one worker = $500CF = cost of fring one worker = $1000CI = cost of holding one unit of inventory for one month = $80K = Number of aggregate units produced by one worker in one day = 0.14653
There is no overtime, no subcontract and no idle time. Please find the optimal solution to minimizing the total cost.
Illustrate what would be the minimum cycle time that could be achieved if the production was split into 2 lots of 500 parts each. Illustrate what would be the minimum cycle time and inventory levels if the production is broken down into 4 lots of 2..
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