Makes playing cards in several different styles

Assignment Help Operation Management
Reference no: EM132150536

JokersRWild makes playing cards in several different styles, 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 $2.30 per deck during regular production and $2.60 during overtime. The company currently employs 24 workers. Experience shows that it costs $1,150 to hire a worker and $1,150 to fire a worker. Inventory carrying cost is $.38 per deck per month. The beginning inventory is 32,000, and at least that amount is desired each month. Assume hiring and layoff/firing, if necessary, occur at the beginning of the month.

Month Demand

January 200,000

February 130,000

March 200,000

April 420,000

May 430,000

June 540,000

a) Determine the cost of the level production plan.

b) Develop a six-month production plan based on chase by using overtime (no workers will be fired and inventory increases if necessary. Determine the cost of the chase production plan.

c) Develop a six-month production plan based on chase by changing workforce level. Determine the cost of the chase production plan by changing workforce level.

Reference no: EM132150536

Questions Cloud

Difference between employee and independent contractor : What is the difference between an employee and independent contractor? Why does it even matter?
Determining factor of the analysis of income statement : According to Bajkowski, management is a big determining factor of the analysis of an income statement.
What are the components of total compensation : What are the components of total compensation? Are no compensation rewards more attractive than compensation rewards?
What was the most difficult thing about apologizing : The Role of Humility in Leadership Everybody makes mistakes. What was the most difficult thing about apologizing?
Makes playing cards in several different styles : JokersRWild makes playing cards in several different styles, but a “standard” deck of cards is used for planning purposes. T
What is the economic life of the defender : A construction company is considering replacing and old inefficient compactor which has a current market of $10.000. What is the economic life of the Defender?
Retired auto mechanic hopes to open rustproofing shop : A retired auto mechanic hopes to open a rustproofing shop. Customers would be local new-car dealers.
Explain how the employment relationship may be terminated : Explain how the employment relationship may be terminated. Define “Just Cause” and give 3 examples.
Responses by integrating evidence through quotations : e sure to cite the text to support your responses by integrating evidence through quotations, paraphrases, or summaries.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd