Period

Inputs
Forecasted Demand
Work force level
Undertime
Overtime

2
8.75 13.33333
4200
6400
9
14

6.25
3000
7

5
10 9.166667
4800
4400
10
10

6
13
6240
13

Derived
Utilized time
Inventory
Hires
Layoffs

14

10

10

13

1
0

5
0

0
7

3
0

0
0

3
0

Calculated

63000
63000
1800

96000
96000
4800

45000
45000
5400

72000
72000
0

66000
66000
6000

93600
93600
0

0
10000
0

0
50000
0

0
0
28000

0
30000
0

0
0
0

0
30000
0

74800

150800

78400

102000

72000

123600

Utilized time cost

Undertime cost
Overtime cost
Inventory cost
Hiring cost
Layoff cost
Total Cost

7.5
3600
8

10
4800
10

10

11

12

Total
37440
81
0
0
0
0
81
0
14
12
0

10

0
5

2
0

54000
54000
3600

72000
72000
0

0
0
20000

0
20000
0

561600
21600
0
0
140000
48000

77600

92000

771200

10*6000
15

Period

Inputs
Forecasted Demand
Work force level
Undertime
Overtime

2
8.75 13.33333
4200
6400
11
11

6.25
3000
11

5
10 9.166667
4800
4400
11
11

6
13
6240
11

Derived
Utilized time
Inventory
Hires
Layoffs

11

11

11

11

11

11

3
0

0
0

0
0

0
0

0
0

0
0

Calculated

63000
63000
16200

96000
79200

72000
72000
7200

66000
66000
13200

93600
79200

0
30000
0

22400
0
0
0

45000
45000
34200
0
0
0
0

0
0
0

0
0
0

19200
0
0
0

109200

101600

79200

79200

79200

98400

Utilized time cost

Undertime cost
Overtime cost
Inventory cost
Hiring cost
Layoff cost
Total Cost

7.5
3600
11

10
4800
11

10

11

12

Total
37440
88
0
0
0
0
88
0
3
0
0

11

11

0
0

0
0

54000
54000
25200

72000
72000
7200

0
0
0

0
0
0

530400
103200
41600
0
30000
0

79200

79200

705200

10*6000
15

Period

Inputs
Forecasted Demand
Work force level
Undertime
Overtime

2
8.75 13.33333
4200
6400
9
11

6.25
3000
9

5
10 9.166667
4800
4400
9
9

6
13
6240
11

Derived
Utilized time
Inventory
Hires
Layoffs

11

11

1
0

2
0

0
2

0
0

0
0

2
0

Calculated

63000
63000
1800

96000
79200

45000
45000
19800

72000
64800

66000
64800

93600
79200

1600
0
0
0

19200
0
20000
0

66400

118400

Utilized time cost

Undertime cost
Overtime cost
Inventory cost
Hiring cost
Layoff cost
Total Cost

0
10000
0

22400
0
20000
0

0
0
8000

9600
0
0
0

74800

121600

72800

74400

7.5
3600
9

10
4800
9

0
2

0
0

54000
54000
10800

72000
64800

10

11

12

Total
37440
76
0
0
0
0
76
0
5
4
0

0
0
8000

9600
0
0
0

514800
32400
62400
0
50000
16000

72800

74400

675600

10*6000
15

Period

Inputs
Forecasted Demand
Work force level
Undertime
Overtime

2
8.75 13.33333
4200
6400
9
11

6.25
3000
10

5
10 9.166667
4800
4400
10
10

6
13
6240
11

Derived
Utilized time
Inventory
Hires
Layoffs

11

10

10

10

11

1
0

2
0

0
1

0
0

0
0

1
0

Calculated

63000
63000
1800

96000
79200

45000
45000
27000

66000
66000
6000

93600
79200

0
0
0

19200
0
10000
0

72000

108400

Utilized time cost

Undertime cost
Overtime cost
Inventory cost
Hiring cost
Layoff cost
Total Cost

0
10000
0

22400
0
20000
0

0
0
4000

72000
72000
0
0
0
0
0

74800

121600

76000

72000

10

11

12

Total

7.5
3600
10

10
4800
10

10

10

0
1

0
0

54000
54000
18000
0
0
4000

72000
72000
0
0
0
0
0

530400
52800
41600
0
40000
8000

76000

72000

672800

37440
81
0
0
0
0
81
0
4
2
0

A. CONSIDERING THAT THE PART-TIME EMPLOYEES ONCE HIRED ARE RETAINED

Period
1
2
Inputs
8.75 13.33333
Forecasted Demand
4200
6400
Work force level - Full Time
8
10
since no undertime cost, it is preferrable to maintain it at 4
Work force level - Part Time
2
4
Undertime
Overtime
640

3
6.25
3000
9
0
1320

Derived
Utilized time
Utilized time - part time
Full Time- Workforce (No. of hours)
Part time- Workforce (No. of hours)
Inventory
Hires - Full Time
Hires - Part time
Layoffs

Calculated
Utilized time cost - Full time
Utilized time cost - Part time
Undertime cost
Overtime cost
Inventory cost
Hiring cost - Full Time
Hiring cost - Part Time
Layoff cost
Total Cost

3840
360

10
4
5440
960

9
0
3000

0
2
0

2
2
0

63000
57600
4320

0
0
8000
0

96000
72000
11520
0
12800
0
20000
4000
0

45000
64800
0
19800
0
0
0
0
4000

69920

120320

88600

5
10 9.166667
4800
4400
9
9
2

13
6240
9

7.5
3600
8

10
4800
8

0
240

984

240

9
0
4320
480

9
0
4320
80

9
4
5304
936

8
0
3600

8
3
4080
720

0
0
0

0
0
0

72000
64800
5760
0
0
0
0
0
0

66000
64800
960
0
0
0
0
0
0

93600
64800
11232
0
19680
0
0
0
0

54000
57600
0
3600
0
0
0
0
4000

72000
57600
8640
0
4800
0
0

70560

65760

95712

65200

71040

10

11

12

Total
37440
70

1560
1864
0
70
33904
3536
0
2
2
0
504000
42432
23400
37280
0
20000
16000
8000
651112

Period

Inputs
Forecasted Demand
Work force level
Undertime
Overtime

25000
8

6500
8

15000
8

19000
8

3200

13000
6200

300
15700

0
16700

2300
13700

Derived
Utilized time
Inventory
Hires
Layoffs

12000

Calculated
Utilized time cost
Undertime cost
Overtime cost
Inventory cost
Hiring cost
Layoff cost
Total Cost

No, it is not feasible to match the demand by both holding the same workforce level and

PLAN 1:
INCREASE THE WORK FORCE
Period

15000
9

19000
9

9
23100

9
22100

Inputs
Forecasted Demand
Work force level
Undertime
Overtime

25000
9

6500
9

3200

9
8600

9
20100

Derived
Utilized time
Inventory
Hires
Layoffs

Calculated
Utilized time cost
Undertime cost
Overtime cost

12000

Inventory cost
Hiring cost
Layoff cost
Total Cost

PLAN 2:
TO HAVE OVERTIME ALLOWED IN ALL PERIODS
Period

Inputs
Forecasted Demand
Work force level
Undertime
Overtime

25000
9

6500
9

15000
9

19000
9

3200

3200

3200

3200

9
11000

9
24500

9
29500

9
30500

Derived
Utilized time
Inventory
Hires
Layoffs

12000

Calculated
Utilized time cost
Undertime cost
Overtime cost
Inventory cost
Hiring cost
Layoff cost
Total Cost

32000
8

29000
8

3200

3200

18300
900

19200
-8900

10

11

12

ame workforce level and using overtime during the period 1,5 and 6 alone.

32000
9

29000
9

3200

3200

9
11700

9
4300

10

11

12

32000
9

29000
9

3200

3200

9
17700

9
7900

10

11

12

Total

Total

Total