Question: [ 2 0 points ] Hot Dee is a hot sauce producer. The demand forecast for the next four weeks, unit production, and inventory holding
points Hot Dee is a hot sauce producer. The demand forecast for the next four weeks, unit production, and inventory holding costs are given in the table below. Currently, there are bottles onhand. Due to the contract obligations, no shortages are allowed. At the end of the week, the onhand inventory must be more than units.
tableWeekDemand Forecast,Unit Production Cost $Unit Inventory Holding Cost $
MGMT : Management Science and Operations Management
a Use the level production strategy. What is a good production level? What is the total cost? Production Inventory holding Show all work. Hint: You may need to consider the net demand for each week
b Use the chase demand production strategy. What is the production level for each week? What is the total cost? Show all work. Hint: You may need to consider the net demand for each week
c Use the minimum cost strategy optimization with linear programming What is the production level for each week? What is the total cost? Show all work including Excel Solver parameters or LPSolve model.
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