Determine optimal aggregate planning for acme phones

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Reference no: EM133226031

Assignment:

Consider the following optimal aggregate planning situation for Acme phones. Acme produced thousands of phones last year with a handful of workers. Each worker is capable of producing several phones per month with good margins between sales price and manufacturing costs. Acme wishes to optimize their aggregate planning situation and have given the following information.

Sales prices of phone $175

Manufacturing cost of phone $45

Cost to hire an employee $3150

Cost to lay off employee $3700

Cost to hold one phone per month $55

Cost of a backorder $65

Number phones manufactured by each worker per month 180

Starting inventory zeroStarting number of employees 41

Required inventory to be left over at period 5 is greater than 600 phones

Demand forecast for first 5 months of the year: 7200, 9500, 7000, 8500, 8600

Under an optimal aggregate planning strategy, what is my optimal profit expected for the five months?

1- Jim purchased stock for 107 amount and sold the same stock one year later at 170 amount.

It is not hard to see that Jim would have had an annual effective rate equivalent to ( 170 - 107 ) / 107 return if he had achieved the same return in a bank.

For the effective annual rate, what is the rate if compounded monthly?

2- Consider a facilities that requires (has a demand for) 364 units per day. The facilities has 7.1 hours available of work time per shift and operates 1 shifts per day. What is the throughput (output rate) for the facilities in units/minute (enter as a real number to two decimal places)?

Reference no: EM133226031

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