Month Demand Forecast January 400 February 500 March 550 April 700 May 800 June 700 PrintDone

Elements Of Electromagnetics
7th Edition
ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
ChapterMA: Math Assessment
Section: Chapter Questions
Problem 1.1MA
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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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