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

Why does the public sector exist, Question 1: a) Why does the public s...

Question 1: a) Why does the public sector exist? b) Discuss 5 ways in which the public sector is different from the private sector. c) The public sector is a clo

Differences between wbs and product breakdown structure, a) Draw a work bre...

a) Draw a work breakdown structure (WBS) diagram for the project, to show all the planned tasks. This WBS should contain at least two levels. b) Explain the main differences bet

Advantages of three dimensional models, Advantages of Three Dimensional Mod...

Advantages of Three Dimensional Models Layouts made of models are easier to understand by laymen. It is easy to explain to the management. Models can be shifted eas

Theoretical overview of the management of change, Question 1: a) Provid...

Question 1: a) Provide a theoretical overview of the management of change. b) Describe the importance of management of change with regard to the management of H.R projects.

Risk, Choose an organization of your choice and briefly describe the main r...

Choose an organization of your choice and briefly describe the main risks to which development projects are exposed

What are the benefits of work study?, Question 1) Describe any ten overall...

Question 1) Describe any ten overall functions of the purchasing department Question 2) Describe any five principles of plant layout Question 3) Describe the any

What are the risk management strategies, What are the risk management strat...

What are the risk management strategies? Risk management strategies: • Retain the risk (Absorption) as like when the risk is small and won’t influence the project a great de

Benefits of implementing quality by design, The primary benefit of impleme...

The primary benefit of implementing quality design techniques is a significant decrease in time to market. Other benefits of quality by design techniques are: 1. Faster

Communication-coordination beneficial in project management, How are commun...

How are communication and coordination beneficial in project management software? Communication and coordination: Project software can give automatic report templates al

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