Question: ABC Co . is to plan its workforce and production levels for next year. Forecast demands for the next 4 quarters are 1 1 6

ABC Co. is to plan its workforce and production levels for next year. Forecast demands for the next 4 quarters are 1160,960,1150,1380 units. Ending inventory of last year is expected to be 60, and the ABC would like to have a minimum of 50 units in inventory at the end of next year. The cost of holding one unit in inventory for one quarter is $190.
There are currently 200 workers. The cost of hiring one worker is $700, and the cost of firing one worker is $1500.
In the past, the plant manager observed that over 60 workings days and with the workforce level constant at 200 workers, ABC produced 1200 units.

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