This 9 page paper looks at a case study supplied by the student. The company has developed a product with season demand. The paper calculates the costs of the goods are produced in line with demand, and then creates a more cost effective schedule where there is the build up of stock and a more even production schedule. All calculations are shown. The bibliography cites 4 sources.
Name of Research Paper File: TS14_TEagritech.rtf
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advantage is in its level of accuracy compared to other products on the market. There is an established market for the product so the market does not need to
be created; however, it is dominated by a single company. Agritech already have and have managed to develop some projections. The projections are that the sales will be seasonal between
November and March, it is expected that the facilities will be used to produce other goods in the April to October period. The company have decisions to make regarding the
way in which the demand will be met in terms of the management of the production. The company need to determine what
is the best schedule of production to meet the demand in the most cost effective way using the labour that is available during the months of November to March. The
schedule developed will be used to assess the optimal levels of production each month. It is expected that there will be both permanent and temporary workers and the company policy
is to retain the permanent workers all year around, so any temporary demand may need to be covered by temporary workers. The best solution will be that which satisfied the
demand and has the lowest associated costs. The different variation on the plant monitor are all interchangeable in the manufacturing process so
there are no changing costs, however, the larger the monitor the more man hours it takes to manufacture. It is assumes that the projection are correct for the analysis. There
wages costs are given, along with the costs of benefits, it is assumed the benefits are on top of that. There are also efficiency ratings, with the staff only achieving
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