Question: Below are the aggregate demand requirements and other data for the upcoming four quarters. Which of the following production plans is better: a. Plan A-chase

Below are the aggregate demand requirements and other data for theupcoming four quarters. Which of the following production plans is better: a.

Below are the aggregate demand requirements and other data for the upcoming four quarters. Which of the following production plans is better: a. Plan A-chase demand by hiring and layoffs to exactly meet monthly demand via regular time production. What is the total cost? Note: Produce in-house taking into account the inventory level. b. Plan B-Mixed Strategy - produce at a constant rate of 1250 and obtain the remainder from overtime. What is the total cost? c. What plan should be implemented

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