A company needs to develop an aggregate operations plan for a product family. Demand for the product family over the next 3 months is as follows:

	January	February	March
Demand	5,000	4,400	4,800

There are 300 units in stock available in the beginning of January. Any unmet demand is backordered. Assume the same number of working days in each month.

1.If the planner decides to adopt the chase strategy with a target inventory level of 200 units at the end of each month, what should be the production quantity in January?

2.If the planner decides to adopt the level strategy with a target inventory level of 200 units at the end of the planning horizon, what should be the production quantity in January?

3.If the planner decides to adopt the level strategy with a target inventory level of 200 units at the end of the planning horizon, what will be the inventory level at the end of January?