In Aggregate Planning a firm practices a chase strategy. Production last quarter was 1200. Demand over the next four quarters is estimated to be 900, 700, 1000, and 1000. Hiring cost is $20 per unit, and layoff cost is $5 per unit. Over the next year, what will be the sum of hiring and layoff costs? O $500 $7,500 O $2,500 O 8,500 O $12,500
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- In aggregate planning, if the beginning inventory for January is 500, the forecasted demand is 1800 and the safety stock is 450, what will be the production requirement in January? A. 1900 B. 1850 C. 1800 D. 1750This company has the following aggregate demand requirements and other data for the upcoming four quarters. Quarter Demand Previous quarter's output 1500 units 1 1400 Beginning inventory 200 units 2 1000 Stockout cost $50 per unit 3 1500 Inventory holding cost $8 per unit at end of quarter 4 1300 Hiring workers $5 per unit Laying off workers $10 per unit Unit cost $30 per unit Overtime $10 extra per unit Which of the following production plans is better: Plan 1—chase demand by hiring and layoffs; or Plan 2—produce at a constant rate of 1200 and obtain the remainder from overtime? Finish the calculation. Plan 1. Demand Regular Time Capacity Regular Time Production Hire Fire Initial Inventory Period 1 1,400 1200 Period 2 1,000 Period 3 1,500 Period 4 1,300…(2-b) A firm's demand in the next four quarters is forecast to be 400, 600, 800, and 700 units. Given that beginning inventory is 600, desired ending inventory in quarter 4 is 300, inventory holding cost is $6 per unit per quarter, and production cost is $50 per unit, calculate the cost of a level production plan.
- Suppose XYZ Company has the following aggregate demand requirements and other data for the upcoming four quarters. Quarter Demand Other Data 1 1300 Previous quarter’s output 1500 Units 2 1400 Beginning Inventory 200 units 3 1500 Stock out cost 50$ per unit 4 1300 Inventory holding cost 10 $ per unit Hiring Workers 4$ per unit Firing workers 8$ per unit Unit Cost 30$ per unit Overtime 40 $ per unit Question: Which of the following production plans is better: –Plan A—chase demand by hiring and firing –Plan B—produce at a constant rate of 1200 and obtain the remainder from overtime?Lot sizing A producer with one product faces the following forecasted demand for the next 10 weeks: week 1. 2. 3. 4. 5. 6. 7. 8. 9. 10 Requirement 30 12 72 11 24 42 35 30 75 68 Assume furthermore that the producer faces a Set-up cost (K) equal to 132 each time production takes place and storage costs (h) of 0.6 per unit per week. a) Find the cost of the two extreme strategies Lot - for - lot (produce exactly what is needed in each period) and Produce - once (produce everything needed in the first period).In aggregate planning models which of the following statements are correct A. The number of workers available influence the possible production level. B. We allow the work level to be modified each month. C Demand should be met D. All of the above
- A company wants to develop a level production plan for a family of products. Theopening inventory is 500 units, and a decrease to 250 units is expected by the end ofthe plan. The demand for each of the months is given in what follows. How muchshould the company produce each month? What will be the ending inventory in eachmonth? Do you see any problems with the plan?Table below provides the demand forecast and production day information for an aggregate plan. Assume that no back orders are allowed in this case. Month January February March April May June Demand Forecast 3,000 4,500 3,400 2,500 4,000 3,200 Production Days 22 18 21 21 22 20 The costing information that is used to evaluate the total cost of each plan is as follows:• Inventory carrying cost: $4 per unit per month• Subcontracting cost per unit: $15 per unit• Working hours: 8 hours per day• Average pay rate: $12 per hour ($96 per day per worker)• Labour-hours to produce a unit: 2 hours per unit• Cost of increasing daily production rate (hiring and training): $300 per unit• Cost of decreasing daily production rate (layoffs): $700 per unitUse these information to formulate an aggregate plan. The firm would like to use level strategy: constant workforce for the aggregate planning. The firm chooses the average demand of the…Please do not give solution in image formate thanku. Develop a production plan and calculate the annual cost for a firm whose demand forecast is fall, 10,000; winter, 8,000; spring, 7,000; summer, 12,000. Inventory at the beginning of fall is 500 units. At the beginning of fall, you currently have 30 workers, but you plan to hire temporary workers at the beginning of summer and lay them off at the end of summer. In addition, you have negotiated with the union an option to use the regular workforce on overtime during winter or spring if overtime is necessary to prevent stock outs at the end of those quarters. Overtime is not available during the fall. Relevant costs are hiring, $100 for each temp; layoff, $200 for each worker laid off; inventory holding, $5 per unit-quarter; backorder, $10 per unit; straight time, $5 per hour; overtime, $8 per hour. Assume that the productivity is 0.5 unit per worker hour, with eight hours per day and 60 days per season.
- an Shields Communications, Inc., a cellular communications provider based in Michigan, charges $86 per month for an all you can talk service plan. The company plans to increase marketing expenditure next year, but wants to determine the current CLV before making this decision. Variable costs before marketing are $28 per account per month and monthly retention expenditures are $12 per account. Ian Shields Communication's annual attrition rate is 17%, with an annual discount rate of 15%.? Which of the following aggregate planning strategies cannot impact the demand 1)subcontracting 2)varying production levels . 3)changing inventory levels 4)hiring workers 5)All of theseZan Azlett and Angela Zesiger have joined forcesto start A&Z Lettuce Products, a processor of packaged shreddedlettuce for institutional use. Zan has years of food processingexperience,and Angela has extensive commercial food preparationexperience. The process will consist of opening crates of lettuceand then sorting, washing, slicing, preserving, and finallypackagingthe prepared lettuce. Together, with help from vendors,theythink they can adequately estimate demand, fixed costs, revenues,and variable cost per 5-pound bag of lettuce. They think alargelythe manual process will have monthly fixed costs of $37,500andvariable costs of $1.75 per bag. A more mechanized process will have fixed costs of $75,000 per month with variable costs of$1.25 per 5-pound bag. They expect to sell the shredded lettucefor $2.50 per 5-pound bag.d) What is the revenue at the break-even quantity for the mechanizedprocess? e) What is the monthly profit or loss of the manual process if theyexpect to sell…