Develop a Chase Aggregate Plan Without Inventory and Back Orders

question 54

Essay

Develop a chase aggregate plan without inventory and back orders. Use no undertime or subcontracting. When demand exceeds regular plus maximum overtime production, hire enough employees to meet demand, working as much overtime as possible. When demand is less than regular time production, fire just enough workers to avoid undertime (you may then use a minimal amount of overtime to get production back up to demand) (data given above).
(a) What is the workforce at the end of the last period? How many total were hired? How many total were fired?
(b) How many total units were produced using overtime?
(c) What is the total cost?
(d) What is the cost per unit?

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Definitions:

Factor Analysis

A statistical method used to identify underlying variables, or factors, that explain the pattern of correlations within a set of observed variables.

Statistical Procedure

A method of collecting, analyzing, interpreting, and presenting data.

Variables

Elements or factors that can change and affect the outcome of a study or experiment, classified into different types such as independent, dependent, and control variables.

Five-factor Model

A framework identifying five major dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.