This document outlines an assignment for a Production and Inventory Control class. It includes 6 questions over 3 chapters that involve problems calculating seasonal factors, demand forecasting, determining workforce plans for a brewery, and formulating the brewery's production planning as a linear program. The 5th extra question provides historical demand data for an online store and asks students to perform seasonal adjustment, forecast future demand, and predict 2008 quarterly demand. The 6th question involves planning the workforce and production levels for a brewery over 6 months while minimizing costs and maintaining inventory levels.
This document outlines an assignment for a Production and Inventory Control class. It includes 6 questions over 3 chapters that involve problems calculating seasonal factors, demand forecasting, determining workforce plans for a brewery, and formulating the brewery's production planning as a linear program. The 5th extra question provides historical demand data for an online store and asks students to perform seasonal adjustment, forecast future demand, and predict 2008 quarterly demand. The 6th question involves planning the workforce and production levels for a brewery over 6 months while minimizing costs and maintaining inventory levels.
This document outlines an assignment for a Production and Inventory Control class. It includes 6 questions over 3 chapters that involve problems calculating seasonal factors, demand forecasting, determining workforce plans for a brewery, and formulating the brewery's production planning as a linear program. The 5th extra question provides historical demand data for an online store and asks students to perform seasonal adjustment, forecast future demand, and predict 2008 quarterly demand. The 6th question involves planning the workforce and production levels for a brewery over 6 months while minimizing costs and maintaining inventory levels.
a. Determine the seasonal factors for each quarter by the method of centered moving average b. Based on the result of part (a), determine the deseasonalized demand series. c. Predict the demand for each quarter of 2008 by using regression analysis to the deseasonalized series.
Chapter 3
Question 6 (15 points)
The Yeasty Brewing Company Produces a popular local beer known as Iron Stomach. Beer sales are somewhat seasonal, and Yeasty is planning its production and workforce levels on March 31 for the next six months. The demand forecasts are as follows:
Month Production Days Forecasted Demand (in hundreds of cases) April 14 75 May 20 100 June 24 200 July 26 140 August 20 100 September 18 50
As of March 31, Yeasty had 70 workers on the payroll. Over a period of 20 working days when there are 100 workers on the pay roll, Yeasty produced 10,000 cases of beer. The cost to hire each worker is $200 and the cost of laying off each worker is $400. Holding costs amount to 1 dollar per case per month.
As of March 31, Yeasty expects to have 3,000 cases of beer in stock, and it wants to maintain a minimum buffer of 500 cases each month. It plans to start October with 3,500 cases on hand.
a) Based on this information, find the minimum constant workforce plan for Yeasty over the six months, and determine hiring, firing, and holding costs associated with that plan. b) Determine the zero inventory plan and the cost of that plan.
c) Formulate the problem of planning Yeastys production levels as a linear program. d) Suppose Yeasty does not wish to fire any workers. How to change your model subject to this constraint?