A manager facen peak (weekly) demand for one of her operations, but is not sure how long the peak will last She can either use overtime from the currentworkforce, or hirelayoff one temporary worker and just pay regular-time wages Regular-time pay is $500 per week overtime is 5800 per week, the hiring cost is$3,000, and the layoff cost is $2,000 Use breakeven analysis to solve this problemWhat is the fixed cost for the regular time option?S Enter your reaponae as an integer)

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Answered: A manager faces peak (weekly) demand…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter4: Linear Programming Models

Section4.8: Data Envelopment Analysis (dea)

Problem 42P

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Labour Intensity (manhour/unit) Planned production (units) Product A 1,500 15 2.000 C 4.500 D 2.000 16 500 Calculate manpower needs A manufacturing company plans following production and labour intensity of their products for the next year:The company expect to meet the performance standard at 100 %. In average there are annually 20 days of vacation, 7 days of sickness, and 4 day of other absence. The manufacture works in two-shifts with 7.75 working hours per shift. Annually there are 252 working days. 1. Calculate the need of workers to cover the production. The answer is:
A manager faces peak (weekly) demand for one of her op-erations, but is not sure how long the peak will last. She caneither use overtime from the current workforce, or hire/lay off and just pay regular-time wages. Regular-time pay is$500 per week, overtime is $750 per week, the hiring cost is$2,000, and the layoff cost is $3,000. Assuming that peopleare available seeking such a short-term arrangement, howmany weeks must the surge in demand last to justify a tem-porary hire? Hint: Use break-even analysis (see SupplementA, “Decision Making”). Let w be the number of weeks ofthe high demand (rather than using Q for the break-evenquantity). What is the fixed cost for the regular-time option?Overtime option?
A manager faces peak (weekly) demand for one of her op-erations, but is not sure how long the peak will last. She caneither use overtime from the current workforce, or hire/lay off and just pay regular-time wages. Regular-time pay is$550 per week, overtime is $825 per week, the hiring cost is$2,000, and the layoff cost is $3,000. Assuming that peopleare available seeking such a short-term arrangement, howmany weeks must the surge in demand last to justify atemporary hire? Hint: Use break-even analysis (see Supple-ment A, “Decision Making Models”). Let w be the numberof weeks of the high demand (rather than using Q for thebreak-even quantity). What is the fixed cost for the regular-time option? Overtime option?
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