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problem set d - Michael Schoenfeld Problem Set D Problem 1...

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Michael Schoenfeld Problem Set D Problem 1 a.) Month Labor costs Hiring Costs January 75,000 62.50 63 0 7 189,000 0 5600 February 80,000 66.67 67 4 0 201,000 800 0 March 60,000 50.00 50 0 17 150,000 0 13600 April 50,000 41.67 42 0 8 126,000 0 6400 May 80,000 66.67 67 25 0 201,000 5000 0 June 65,000 54.17 55 0 12 165,000 0 9600 July 45,000 37.50 38 0 17 114,000 0 13600 August 60,000 50.00 50 12 0 150,000 2400 0 September 75,000 62.50 63 13 0 189,000 2600 0 October 66,000 55.00 55 0 8 165,000 0 6400 November 74,000 61.67 62 7 0 186,000 1400 0 December 90,000 75.00 75 13 0 225,000 2600 0 Horizon Costs: 2,061,000 14,800 55,200 Total Horizon Costs: 2,131,000 b.) Month Production January 75,000 57 68400 75,000 68400 0 6600 171000 0 264000 February 80,000 57 68400 155,000 136800 0 18200 171000 0 728000 March 60,000 57 68400 215,000 205200 0 9800 171000 0 392000 April 50,000 57 68400 265,000 273600 8,600 0 171000 129000 0 May 80,000 57 68400 345,000 342000 0 3000 171000 0 120000 June 65,000 57 68400 410,000 410400 400 0 171000 6000 0 July 45,000 57 68400 455,000 478800 23,800 0 171000 357000 0 August 60,000 57 68400 515,000 547200 32,200 0 171000 483000 0 September 75,000 57 68400 590,000 615600 25,600 0 171000 384000 0 October 66,000 57 68400 656,000 684000 28,000 0 171000 420000 0 November 74,000 57 68400 730,000 752400 22,400 0 171000 336000 0 December 90,000 57 68400 820,000 820800 800 0 171000 12000 0 Totals: 2052000 2127000 1504000 Ending L/I/B costs 5683000 c.) The chase aggregate plan is much better. The costs are much lower. initial hiring/firing cost 10400 5693400 Demand Forecast number of workers Number of workers after rounding Number workers hired Number Workers Fired Firing Costs Demand Forecast Number of Workers Cumulative Demand Cumulative Production Ending
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