the cost of the staffingg plan for the first 2 month only incliding the cost of reuglar wages, hiring, and layoffs using a chase strategy with hiring and layoffs but no overtime or undertime is?
month 1 2 3 4 5 6
forcasted demand 6 7 12 13 8 5
hiring cost = $586 per person
Wages= $1107 per month
layoff cost = $118 per person
Expert Answer
Hiring cost 586
Wages 1107
layoff cost 118
Month Forecast demand Labor required Hiring Firing Cost of labor Cost of hiring Cost of firing
1 6 6 6 0 6642 3516 0
2 7 7 1 0 7749 586 0
3 12 12 5 0 13284 2930 0
4 13 13 1 0 14391 586 0
5 8 8 0 5 8856 0 590
6 5 5 0 3 5535 0 354
Hiring and firing numbers are calculated using chase strategy
Total cost for first two months
Hiring cost 4102 Sum of first two months
Firing cost 0 Sum of first two months
Wages 14391 Sum of first two months
Total cost 18493
Sum of all threee above