Directions:
1. Complete the following two problems, save your work, then submit your saved spreadsheet to Moodle by the due date and time.
2. Do not change the name of this file when you save your work. The file should be called "Graded Assignment 2.xls".
3. To facilitate grading, please do not delete or insert ROWS.
4. Do your own work. Students submitting substantially identical spreadsheets receive a grade of zero.
5. If you have questions, see me or email me at [email protected].
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Inventory holding cost (per unit per month)
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$1.00
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Hiring cost (per worker hired):
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$5,000.00
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Firing cost (per worker fired):
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$5,000.00
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Straight-time labor cost (per worker per month):
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$2,000.00
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Overtime cost (per worker per month)
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$4,000.00
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Production per worker per month
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100
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Present permanent workforce:
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60
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Beginning inventory in January:
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400
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a. Use Microsoft Excel Solver to find the least-cost CHASE aggregate production plan with a CONSTANT workforce. Workers may be hired or fired only at the beginning of January. Vary production using overtime. Your Solver setup will be GRADED. (20 points)
b. Find the least-cost LEVEL aggregate production plan with a CONSTANT workforce. Workers may be hired or fired only at the beginning of January. DO NOT USE SOLVER. The Solver setup for question (a) will be graded. (20 points)
Attachment:- graded_assignment_2_0.rar