Question: Aggregate Planning In-class Exercise Each worker can produce 200 units per quarter Cost to hire a worker $300/worker Cost to layoff a worker $200/worker Inventory

Aggregate Planning In-class Exercise

  • Each worker can produce 200 units per quarter

  • Cost to hire a worker $300/worker

  • Cost to layoff a worker $200/worker

  • Inventory holding cost $1/unit/Qtr

  • Backlog holding cost $3/unit/Qtr

QTR Demand

1 : 4000

2 : 6000

3 : 9000

4 : 5000

Current Inventory = 0 units

Current Backlog = 0 units

Current # of workers = 30

All demand must be met by the end of the planning horizon

Try to develop an aggregate production plan for this example that minimizes total costs.

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