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Determine the change in workforce costs

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Reference no: EM132438191

Problem: A paint company has the following aggregate demand requirements and cost data for the upcoming year by quarter.

Quarter

  1. 1 1,200
  2. 2 1,500
  3. 3 1,900
  4. 4 1,000

Forecast Demand (Units)

Total

5,600

Previous quarter's production:

Beginning inventory:

Back-order costs:

Inventory holding cost (on ending inventory): Hiring employees:

Firing employees:

900 units

0 units

$60/unit $12/unit/quarter $30/unit increase $70/unit decrease

  1. Determine the change in workforce costs (hiring and firing employees) if the paint company decides to use a chase demand strategy.
  2. Determine the inventory holding and back-order costs for the year if the paint company wants to use a level production strategy, ending quarter 4 with no inventory.

Reference no: EM132438191

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