GROUP 8 - JEFIN JAMES, VIPIN V, PRASANNA

Month

Dec

Jan

Feb

Mar

Apr

Production Plan
Shipment Forecast
Production Plan
Shipments
Inventory

240

4400
7950
4400
3790

4400
7950
4400
7340

6000
7950
6000
9290

8000
7950
8000
9240

199
39
0
0

199
0
0
0

199
0
0
0

199
0
0
0

Extraordinary Labour Costs

No. of workers
Hirings
Layoffs
Worker Months Overtime

160

Cost of Alternative 4
Hiring Costs =
Layoff Costs =
Inventory Holding Costs =
Labour Costs:
Regular =
Overtime =
Total Costs =

39
0
57780

x
x
x

1800
1200
8

2388
96

x
x

2400
3300

70200
0
462240
0
5731200
316800
6580440

The alternative which we proposed is highlighted by zero layoffs, since we were aware that it would affect employee morale.
We could also cut down the cost compared to first and second alternatives.
We have given overtime to employees for only two months, which might not be a heavy burden on them.

EFIN JAMES, VIPIN V, PRASANNA KUMAR

May

June

July

Sept

Oct

Nov

Dec

Totals

6600
7950
6600
11190

11800
7950
11800
7340

13000
7950
13000
2290

11200
8910
11200
0

10800
10800
10800
0

7600
7950
7600
350

6000
7950
6000
2300

5600
7950
5600
4650

95400
99210
95400
57780

199
0
0
0

199
0
0
0

199
0
0
0

199
0
0
24

199
0
0
72

199
0
0
0

199
0
0
0

199
0
0
0

2388
39
0
96

are that it would affect employee morale.

eavy burden on them.

Aug