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JokersRWild makes playing cards in several different styles, but a “standard” deck of cards is used...

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Operations Management

JokersRWild makes playing cards in several different styles, buta “standard” deck of cards is used for planning purposes. Theaverage worker at JokersRWild can make 10,000 sets of decks ofcards per month at a cost of $1.70 per deck during regularproduction and $2.00 during overtime. The company currently employs19 workers. Experience shows that it costs $850 to hire a workerand $850 to fire a worker. Inventory carrying cost is $.32 per deckper month. The beginning inventory is 42,000, and at least thatamount is desired each month. Assume hiring and layoff/firing, ifnecessary, occur at the beginning of the month. Month JanuaryFebruary March April May June Demand 130,000 180,000 170,000360,000 370,000 350,000

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3.8 Ratings (341 Votes)

Production Planning:

January February March April May June
Forecast 130000 180000 170000 360000 370000 350000
Beginning inventory 42000 42000 42000 42000 42000 42000
Production required 130000 180000 170000 360000 370000 350000
Regular workforce 13 18 17 36 37 35
Regular production per worker per month 10000 10000 10000 10000 10000 10000
Regular production 130000 180000 170000 360000 370000 350000
Overtime production 0 0 0 0 0 0
Total production 130000 180000 170000 360000 370000 350000
Ending inventory 42000 42000 42000 42000 42000 42000
Ending backorders 0 0 0 0 0 0
Workers hired 0 5 0 19 1 0
Workers laid off 6 0 1 0 0 2
January February March April May June
Regular production cost ($1.70 per unit) $221,000 $306,000 $289,000 $612,000 $629,000 $595,000
Overtime $0 $0 $0 $0 $0 $0
Inventory ($0.32 per deck per month) $13,440 $13,440 $13,440 $13,440 $13,440 $13,440
Backorder $0 $0 $0 $0 $0 $0
Hiring ($850 per worker) $0 $4,250 $0 $16,150 $850 $0
Layoff ($850 per worker) $5,100 $0 $850 $0 $0 $1,700
Total $239,540 $323,690 $303,290 $641,590 $643,290 $610,140
Total cost $2,761,540
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