Assignment $1$ should be submitted on Canvas as a completed Excel attachment. The submission is due by $11$:$59$ PM PDT on Wednesday, February $21$st$.$ One submission is required per group. Groups can consist of two to four people. Assignments can be turned in up to $7$ days after the due date, but late assignment will be reduced by $25\%$ before grading. Assignments handed in by an individual $($rather than group$)$ will be deducted $20\%.$ References:Keep in mind that pure chase strategies do not use overtime. However, in a level$-$utilization strategy, the staffing is kept level, but production is varied to meet demand. In the level$-$utilization strategy, overtime is used for peak periods of demand to help keep the average level lower and the desired inventory levels are the same as for the pure chase strategy. All plans should seek to minimize the total cost of meeting your forecasted demand from the first part of the assignment. Assignment Details $(80$ points total$)$:Given the operational data and constraints below, groups are to prepare, using the supplied form: $(20$ points$)$ One optimized aggregate plan $($Sales and Operations Plan$)$ using the chase strategy. $(20$ points$)$ One optimized aggregate plan $($Sales and Operations Plan$)$ using the level$-$utilization strategy. $(20$ points$)$ One optimized aggregate plan $($Sales and Operations Plan$)$ using a mixed strategy. $(20$ points$)$ An Executive Summary explaining your mixed plan in the context of the other two plans and constraints given. Your submitted plan should comply with all operating constraints specified in the operational data given below. Plan total costs are to include appropriate end$-$of$-$the$-$year adjustments to return to the desired staffing and ending inventory levels specified in the following Data section.