subject
Business, 25.06.2021 18:40 kay4358

A local firm manufactures children’s toys. The projected demand over the next four months for one particular model of toy robot is Month Workdays Forecasted Demand (in aggregate units)
July 23 3,825
August 16 7,245
September 20 2,770
October 22 4,440

Assume that a normal workday is eight hours. Hiring costs are $350 per worker and firing costs (including severance pay) are $850 per worker. Holding costs are $4.00 per aggregate unit held per month. Assume that it requires an average of 1 hour and 40 minutes for one worker to assemble one toy. Shortages are not permitted. Assume that the ending inventory for June was 600 of these toys and the manager wishes to have at least 800 units on hand at the end of October. Assume that the current workforce level is 35 workers.

Required:
a. Find the minimum constant workforce plan for the four months and the total hiring, firing, and holding costs of that plan.
b. Determine the plan that changes the workforce level each month to most closely match the demand and the cost of that plan.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 13:50
Classify each of the following items as a public good, a private good, a natural monopoly good, or a common resource.(a) measles vaccinations (b) tuna in the pacific ocean (c) airline service in the united states (d) local storm-water system
Answers: 1
question
Business, 22.06.2019 16:00
In macroeconomics, to study the aggregate means to study blank
Answers: 1
question
Business, 22.06.2019 21:30
Which of the following best explains why online retail companies have an advantage over regular stores? a. their employees make less money because they mostly perform unskilled tasks. b. they are able to keep distribution costs low by negotiating deals with shipping companies. c. their transactions require expensive state-of-the-art technological devices. d. they have a larger number of potential customers because people anywhere can buy from them.
Answers: 1
question
Business, 23.06.2019 03:20
Draw, label and explain the circular flow model (cfm). include the following: firms, households, product market, and factor (or resource) market.who owns the productive resources? what are those resources? what payment does each type of resource earn? explain the two markets in the cfm and explain the roles that firms and household each play in the cfm.
Answers: 2
You know the right answer?
A local firm manufactures children’s toys. The projected demand over the next four months for one pa...
Questions
question
Mathematics, 14.01.2021 17:30
question
Chemistry, 14.01.2021 17:30
Questions on the website: 13722367