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Month Workdays Forecasted Demand
July 23 3,825
August 16 7,245
September 20 2,770
October 22 4,440
Assume that a normal workday is 8 hours. Hiring cost are $350 per worker and firing cost (including severance pay) are $850 per worker. Holding costs are $4.00 per aggregate unit held per month. Assume that it requires an average of 1 hour and 40 minutes for one worker to assembly one toy. Shortages are not permitted. Assume that the ending inventory for June was 600 of these toys and the managers wishes to have at least 800 units on hand at the end of October. Assume that the current workforce level is 35 workers. Find the optimal plan by formulating as a linear program.
Research a real product, and explain how it is a product of denationalization including the following:
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