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Business
Operations Management
Costs   Holding cost ​$8/ refrigerator/ month Subcontracting ​$80/ refrigerator ​Regular-time labor ​$12/ hour Overtime labor ​$18/ hour for hours above   8​ hours/ worker/ day Hiring cost ​$40/ refrigerator Layoff cost ​$80/ refrigerator Stockout cost none   Other Data   Current workforce​ (December) 8 people Labor​ hours/ refrigerator 4 hours ​Workdays/ month 20 days Beginning inventory 250 refrigerators Units demanded in December 320 refrigerators                                                                                      Month Demand Forecast January 400 February 500 March 550 April 700 May 800 June 700

Costs   Holding cost ​$8/ refrigerator/ month Subcontracting ​$80/ refrigerator ​Regular-time labor ​$12/ hour Overtime labor ​$18/ hour for hours above   8​ hours/ worker/ day Hiring cost ​$40/ refrigerator Layoff cost ​$80/ refrigerator Stockout cost none   Other Data   Current workforce​ (December) 8 people Labor​ hours/ refrigerator 4 hours ​Workdays/ month 20 days Beginning inventory 250 refrigerators Units demanded in December 320 refrigerators                                                                                      Month Demand Forecast January 400 February 500 March 550 April 700 May 800 June 700

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
Costs
 
Holding cost
​$8/ refrigerator/ month
Subcontracting
​$80/ refrigerator
​Regular-time labor
​$12/ hour
Overtime labor
​$18/ hour for hours above
 
8​ hours/ worker/ day
Hiring cost
​$40/ refrigerator
Layoff cost
​$80/ refrigerator
Stockout cost
none
 
Other Data
 
Current workforce​ (December)
8 people
Labor​ hours/ refrigerator
4 hours
​Workdays/ month
20 days
Beginning inventory
250 refrigerators
Units demanded in December
320 refrigerators
 
                                                                                  
Month
Demand Forecast
January
400
February
500
March
550
April
700
May
800
June
700
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