a) complete the table below for an adequate plan for both chase and level

b) suggest an adequate plan for the production and state your reason.

note overtime OT_ $300 production hour

Question 2 Using the given forecast and the planning horizon, suppose the maximum regular production time (RT) of 90 hours is allowed per time such that any requirement over this maximum can be produced in an overtime period (OT) determine; (i) Complete the table below for an adequate for both plans Suggest an adequate plan for this production and state your reasons. Other production planning parameters RT costs - $200/production hours Overtime OT -$300 production hours Inventory holding costs -S40/production hours/month Hiring costs = $120/worker' production hour Firing costs = $70/worker production hour Number of workers - 25 Max RT production rate is 90 hours Overtime can be used to product any other requirements above the maximum Chase plan Workforce Requirement Hiring Firing W1 Production Pt-(RD) Expected It t 0 Dt 1 2 4 5 6 Total Costs Total cost Level plan Workforce Requirement W.1 Hiring Firing Production Pt-(RT Expected Dr t 0 1 4 5 6 Total Costs Total cost Question 3 The forecasts below is for a particular planning horizon; suppose overtime (OT) period is allowed for meeting demand that could not be met in the regular production time (RT). Your Chief Executive has asked you to prepare an aggregate plan that will keep both the number of workforce and the inventory level constant. Show how you would accomplish this task. t Forecast D Other production planning parameters 2200 Production costs S15/unit 1700 Inventory holding costs =$5/unit 3 2000 Hiring costs = $100/worker 4 1567 Firing costs - $300/worker 1600 Number of workers - 10 Production rate/worker - 25/period Starting and ending inventories - 500 2 5 Question 2 Using the given forecast and the planning horizon, suppose the maximum regular production time (RT) of 90 hours is allowed per time such that any requirement over this maximum can be produced in an overtime period (OT) determine; (i) Complete the table below for an adequate for both plans Suggest an adequate plan for this production and state your reasons. Other production planning parameters RT costs - $200/production hours Overtime OT -$300 production hours Inventory holding costs -S40/production hours/month Hiring costs = $120/worker' production hour Firing costs = $70/worker production hour Number of workers - 25 Max RT production rate is 90 hours Overtime can be used to product any other requirements above the maximum Chase plan Workforce Requirement Hiring Firing W1 Production Pt-(RD) Expected It t 0 Dt 1 2 4 5 6 Total Costs Total cost Level plan Workforce Requirement W.1 Hiring Firing Production Pt-(RT Expected Dr t 0 1 4 5 6 Total Costs Total cost Question 3 The forecasts below is for a particular planning horizon; suppose overtime (OT) period is allowed for meeting demand that could not be met in the regular production time (RT). Your Chief Executive has asked you to prepare an aggregate plan that will keep both the number of workforce and the inventory level constant. Show how you would accomplish this task. t Forecast D Other production planning parameters 2200 Production costs S15/unit 1700 Inventory holding costs =$5/unit 3 2000 Hiring costs = $100/worker 4 1567 Firing costs - $300/worker 1600 Number of workers - 10 Production rate/worker - 25/period Starting and ending inventories - 500 2 5