Question: a . Develop an aggregate production plan for four months with the following details: Material cost = Rs 1 0 0 per unit Inventory holding
a Develop an aggregate production plan for four months with the following details:
Material cost Rs per unit
Inventory holding cost Rs unitmonth
Marginal cost of stock out Rs unitmonth
Marginal cost of subcontracting Rs per unit
Hiring and training cost Rs per worker
Layoff cost Rs per worker
Labour hours required manhrs per unit
Regular pay eight hours per day Rs per hour
Overtime pay Rs per hour.
Beginning inventory units
No Safety stock required. Normal working hours per working day
Demand and working days for each month
tableJan,Feb,Mar,AprDemandWorking Days,
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
