Refer to Solved Problem 1. Prepare an aggregate plan that uses overtime ($ 9 per unit, maximum
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Refer to Solved Problem 1. Prepare an aggregate plan that uses overtime ($ 9 per unit, maximum output 25 units per period) and inventory variation. Try to minimize backlogs. The ending inventory in period 9 should be zero, and the limit on backlogs is 60 units per period. Compute the total cost of your plan, and compare it to the total cost of the plan used in the solved problem. Assume 20 full-time workers.
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...
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