Question: 1. Develop a chase plan that matches the forecast where regular production can be less than regular capacity. What is the regular output in month

1. Develop a chase plan that matches the forecast where regular production can be less than regular capacity. What is the regular output in month 3?
2. Develop a chase plan that matches the forecast where regular production can be less than regular capacity. What is the regular output in month 5?
3. Develop a chase plan that matches the forecast where regular production can be less than regular capacity. What is the regular output in month 7?
4. Develop a chase plan that matches the forecast where regular production can be less than regular capacity. What is the beginning inventory of month 4?
5. Develop a chase plan that matches the forecast where regular production can be less than regular capacity. Overtime will be used to make the shortage at a cost of $60 per hundreds bolts. What is the total cost of the plan?
6. If with no overtime is allowed, but you can carry inventory at cost of $2 per hundred bolts per month. You can also use a subcontractor to handle the excess above regular capacity at a cost of $50 per hundred bolts. Backlogs are not allowed. What will be the minimum possible cost for the plan?
1. Develop a chase plan that matches the forecast
Manager Chris Channing of Fabric Mills, Inc., has developed the forecast shown in the table for bolts of cloth. The figures are in hundreds of bolts. The department has a regular output capacity of 275(00) bolts per month, except for the seventh month, when capacity will be 250000) bolts. Regu- lar output has a cost of $40 per hundred bolts. Workers can be assigned to other jobs if production is less than regular. The beginning inventory is zero bolts

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