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Berlin Becker, personnel No. 1002, is a Sales representative in Office 1100, Group 300 of Sales Organization No. 1200. He receives orders for the Pump UDP-500, the main product of the Hamburg Plant (No. 1000) of the IDES. After compiling all the orders, he came up with the following aggregate requirements for the next six quarters. Quarter: 1 2 3 4 5 Demand: 1800 5000 8000 6000 2500 Producing one unit costs $30 on regular time of labor hour and $40 on overtime. The current level of inventory is 400 units. Holding one unit in inventory per year costs $5 charged on the average inventory. Shortage cost is estimated as $50 per unit per quarter. Each quarter has 450 hours. The firm has 22 workers now. Each worker can produce 120 units in regular time per quarter. Hiring one worker costs $1500 and laying off costs $2500. Overtime is restricted to 15% of the regular workforce. (Clearly state any assumption you made) 1. Find the aggregate production and workforce planning using Chase, Level and mixed strategy. Which method will provide minimum cost? 2. Develop a Linear Programming (LP) formulation for the aggregate production plan and workforce plan. 3. Solve your formulation. 4. Write a report detailing your production and workforce schedules as obtained from the LP solution. 5. Discuss about any other alternative approaches for this aggregate planning and workforce planning.
Using your firm (or a firm that you familiar with), select a significant company resource (such as engineering capability, or supply chain, or customer service) and apply the Four Tests of a Resources Compeititve Power and determine if provides a sus..
Maple Leaf, Inc., a television manufacturer, would like to reduce its inventory. In addition, the cost of goods sold last year was $15 million. What was the inventory turnover
The project officer is considering whether to purchase an extended warranty for a commercial off-the-shelf item. What step of the risk management process is being performed?
The daily demand for a product is 17 units with a standard deviation of 2.6 units. The review period is 30 days with a lead time of 14 days. Management has a set policy of satisfying 95% of demand from items in stock. At the beginning of the review p..
What is the EOQ for raspberry syrup? If Meyer orders the EOQ quantity each time, what will be the inventory turnover rate for raspberry syrup?
Explain how you use your personal negotiation power or ability to influence others in the workplace or in your personal life. Comment on your source of power and cite one negative and one positive consequence that came about as a result of your in..
Would a company prefer an ethics compliance program based on John Stuart Mill’s Utilitarian approach or Immanuel Kant’s Deontologic approach. Define each, and describe which is more commonly in use and why.
A Brief History of the Twenty-First Century, Thomas L. Friedman wrote about capacity management and globalization as part of the strategies of companies. On the basis of your understanding of strategic capacity management, discuss the concept of o..
A batch production operation has a machine setup time of 3.0 hours and a processing time of 1.60 min per cycle. Two parts are produced each cycle. No tool handling time is included in the cycle. Determine following: Average cycle time? Time to comple..
Using the percentage values and the formulas populated in W4: Assignment 2, develop an operating budget for forecasted sales value of $64,500 for the same month next year.
Assume you have just been assigned to a project risk team composed of five members. Your task, as project manager, is to develop a process for handling risks to the project. What methods should be used for identifying risks? Who should be involved in..
An explanation of the leadership style, such as task-oriented, relationship-oriented, charismatic, transformational, situational, and so on, that you find most effective.
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