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

Stages of quality cost reduction, Stages of Cost Reduction The quality ...

Stages of Cost Reduction The quality costs are the costs which are associated with preventing, finding, and correcting the defective work. These costs are vast which runs 20% -

What is the important role of planning in the management, What is the impor...

What is the important role of planning in the management? Planning: Planning can be described as deciding in advance regarding the goals to be pursued through the enterpris

Determine what are the delphi technique, The Delphi technique intends to at...

The Delphi technique intends to attain a consensus evaluates by the efforts of a number of estimators. How is this attained and what is the advantage of the Delphi technique over,

To help local producers by restricting international trade, Attempts by a c...

Attempts by a country to help local producers by restricting international trade is known as   protectionism.

Explain about the term project initiation document, Explain about the term ...

Explain about the term project initiation document. A project initiation document (PID) that is project proposal document or charter, is a report to illustrate a business case

Review of design, Before the preliminary design has progressed further i...

Before the preliminary design has progressed further it should be subjected to a critical review by all those who are connected with the product such as quality engineers

Flow chart, how do I calculate forward pass and backward pass?

how do I calculate forward pass and backward pass?

Describe what is a budget process, Question: (a) John Oakland says: ...

Question: (a) John Oakland says: "Day to day issues, often taken for granted, involve quality in some form or other. For example, the safety and conformity with accepted st

Enterprising management, Hi dear my presentation is ready I need to do my B...

Hi dear my presentation is ready I need to do my Business Plan on it for 2500 words.. can u do it please

Identify the critical path, Please note that the exam is an individual effo...

Please note that the exam is an individual effort (NOT a group effort). Please be sure that all the submitted work is your own. You cannot discuss the test with your classmates or

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