Refer to Solved problem 1. Start with 20 permanent workers. Prepare minimum cost aggregate plan that may

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Refer to Solved problem 1. Start with 20 permanent workers. Prepare minimum cost aggregate plan that may use some combination of hiring ($200 per worker), laying of ($100 per worker), part-time labour ($8 per unit, maximum of 20 units per month, must use for at least three consecutive months), and overtime ($9 per units maximum of 25 per month). The ending inventory in month 9 should be zero with no backorders at the end. Compute the total cost. Ending Inventory
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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Operations Management

ISBN: 978-0071091428

4th Canadian edition

Authors: William J Stevenson, Mehran Hojati

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