Develop a six-month production plan

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Reference no: EM1385157

JokersRWild makes playing cards in several diferent syles, but a "standard" deck of cards is used for planning purposes. The average worker at JokersRWild can make 10,000 sets of decks of cards per month at a cost of $1.00 per deck during regular production and $1.30 during overtime. The company currently employes 25 workers. Experience shows that it costs $500 to hire a worker and $500 to fire a worker. Inventory carrying cost is $0.25 per deck per month. Given the following demand esimate, develop a six-month production plan based on level production, chase using overtime (no workers will be fired and inventory increases if necessary), and chase by changing workforce level. The beginning inventory is 50,000, and at least that amount is desired each month.

Month: January February March April May June
Demand: 200,000 150,000 200,000 400,000 550,000 250,000

Reference no: EM1385157

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