Varying utilization plan, Project Management

Assignment Help:

Varying Utilization Plan

The utilization of workers is varied keeping it he workforce size and inventory size constant. The number of workers is kept constant in this plan. During the months of low demand the workers produce less so as to match the demand and they have a lot of idle regular production are produced by overtime on the part of workers. The idle time on the part of workers during months of low demand is a loss to the company which pays full wages to its employees. On the other hand the company incurs overtime costs during periods of high demand. Overtime is usually expensive compared to the regular wages given to workers. In addition. Excess overtime leads to less effectiveness on the part of workers and much more accidents because of lack of concentration. Still the company saves on inventory costs which are almost negligible in this plan.

These basic planning strategies should preferably not be used in isolation from each other as each one of these has typical drawbacks. A combination of these strategies is used in preparing the aggregate production plan.


Related Discussions:- Varying utilization plan

Develop a new product from the given product ingredient, To develop a new p...

To develop a new product from the given product ingredient. • explore new ideas for product development, • understand the concept of development of a process, • gain kno

Quantitative layout analysis - Trial and Error Method, Quantitative layout ...

Quantitative layout analysis - Trial and Error Method Here we use simple travel chart and graphical approach to reduce to minimize nonadjacent flows by centrally locating the

External factors of syringe management , External Factors Opportunit...

External Factors Opportunity This plan will build a good image for Maribyrnong Council, even Melbourne. The opportunity for Maribyrnong Council, there maybe will attrac

Briefly discuss features of learning organizations, Question 1: (a) Br...

Question 1: (a) Briefly discuss features of learning organizations. (b) Identify two pitfalls in implementing ‘Citizen's Charters' in public sector organizations. Ques

Risk breakdown structure for a project , Risk Breakdown Structure for a Pro...

Risk Breakdown Structure for a Project  Risk Breakdown Structure (RBS) is a hierarchical list of risks, which standardises the department's personnel resources that help in pla

Illustrate the division of work in economics, Illustrate the division of wo...

Illustrate the division of work in Economics? Division of Work (or Labour): It s a famous principle of Economics, invented through the traditional economist as defined by

Calculate how much float/slack time, ST is the operations director of F Bak...

ST is the operations director of F Bakery. He is in the process of putting together a project plan for the introduction of a latest production plant that will enable the bakery to

Projecr, A paper mill produces two grades of paper viz., X and Y. Because o...

A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper

Unit rate contracts , Unit rate contracts  In a unit-rate contract, the...

Unit rate contracts  In a unit-rate contract, the seller commits to providing each unit of work defined by a buyer for a fixed price per unit of each work item. Engineered m

Write Your Message!

Captcha
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