l סא. 81% 9:29 AM Edit 5. Management at the Kerby Corporation has determined the following aggregated demand schedule (in units): Month 3 4 Demand 500 800 1,000 1,400 Month 5 6 Demand 2,000 3,000 2,700 1,500 Month 10 11 12 Demand 1,400 1,500 2,000 1,200 An employee can produce an average of 10 units per month. Each worker on the payroll costs $2,000 in regular-time wages per month. Undertime is paid at the same rate as regular time. In accordance with the labor contract in force, Kerby Corporation does not work overtime or use subcontracting. Kerby can hire and train a new employee for $2,000 and lay off one for $500. Inventory costs $32 per unit on hand at the end of each month. At present, 140 employees are on the payroll and anticipation inventory is zero. a. Prepare a production plan that only uses a level work- force and anticipation inventory as its supply options. Minimize the inventory left over at the end of the year. Layoffs, undertime, vacations, subcontracting, back- orders, and stockouts are not options. The plan may call for a one-time adjustment of the workforce before month 1 begins. b. Prepare a production plan using a chase strategy, relying only on hiring and layoffs. c. Prepare a mixed-strategy production plan that uses only a level workforce and anticipation inventory through month DO םם Tools Mobile View Share PDF to DOC
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Management at the Kerby Corporation has determined the
following aggregated demand
Month 1 2 3 4
Demand 500 800 1,000 1,400
Month 5 6 7 8
Demand 2,000 3,000 2,700 1,500
Month 9 10 11 12
Demand 1,400 1,500 2,000 1,200
An employee can produce an average of 10 units per month.
Each worker on the payroll costs $2,000 in regular-time
wages per month. Undertime is paid at the same rate as
regular time. In accordance with the labor contract in
force, Kerby Corporation does not work overtime or use
subcontracting. Kerby can hire and train a new employee
for $2,000 and lay off one for $500. Inventory costs $32 per
unit on hand at the end of each month. At present, 140
employees are on the payroll and anticipation inventory is
zero.
a. Prepare a production plan that only uses a level workforce and anticipation inventory as its supply options.
Minimize the inventory left over at the end of the year.
Layoffs, undertime, vacations, subcontracting, backorders, and stockouts are not options. The plan may call
for a one-time adjustment of the workforce before month
1 begins.
b. Prepare a production plan using a chase strategy, relying
only on hiring and layoffs.
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 2 images
