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  3. how would you modify the workforce to reduce cost?

How would you modify the workforce to reduce cost? What would be the...

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Accounting

How would you modify the workforce to reduce cost?

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What would be the cost of the 46-worker production plan? Assume the following costs: Holding Cost (per unit per month): $8.50 Hiring Cost per worker: $800 Firing Cost per worker: $1,250 Payroll Cost: $75/worker/day Shortage Cost: $50 unit short/month Assume that the work force at end of Dec was 40. How many did you have to hire? Starting inver Ending invent 200 100 K= 0.342105263 units/worker*day Holding cost per unit per month 8.5 hiring cost per worker 800 Firing cost per worker 1250 Payroll costs 75 Shortage cost 50 Number of workers: Working days Number of workers Production plan (based Cumulative on workers) production Month Inventory Workers hired Workers fired Month (t) 0 22 1 2 2 16 Forecaste Net d Demand Demand 0 0 420 220 280 280 460 460 190 310 310 145 145 110 125 225 Cumulative Net Demand 0 220 500 960 1150 1460 1605 1715 1940 January February March April May June July August 23 20 190 22 21 110 22

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