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2522
The firm currently has 40 units of inventory on hand
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The firm always plans to meet all demand. The firm currently has 120 workers capable of producing 120 units in a month (1 unit/worker). The workforce can be increased (at a cost of $500 per worker) or decreased (at a cost of $1,000 per worker).Inventory holding cost is $100 per unit per month. The firm currently has 40 units of inventory on hand, and it would like to have 40 units available at the end of each month. Regular production cost is $3,000 per unit.
1.a.What should the aggregate plan be if the inventory holding cost is to be minimized?
2.b.What is the cost of this plan?
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The firm always plans to meet all demand. The firm currently has 120 workers capable of producing 120 units in a month (1 unit/worker). The workforce can be increased (at a cost of $500 per worker) or decreased (at a cost of $1,000 per worker).Inventory holding cost is $100 per unit per month. The firm currently has 40 units of inventory on hand, and it would like to have 40 units available at the end of each month. Regular production cost is $3,000 per unit.
1.a.What should the aggregate plan be if the inventory holding cost is to be minimized?
2.b.What is the cost of this plan?
Tags: DEVRY GSCM 530 WEEK 2 HOMEWORK, DEVRY GSCM 530 WEEK 2 HOMEWORK ASSIGNMENT LATEST
Source: https://www.devrycourses.com/product/devry-gscm-530-week-2-homework-assignment-latest/
Source: https://www.devrycourses.com/product/devry-gscm-530-week-2-homework-assignment-latest/
Flashcard info:
Author: CoboCards-User
Main topic: Education
Topic: Education
School / Univ.: devry university
City: UK
Published: 12.02.2020