Question: Develop a production plan and calculate the annual cost for a firm whose demand forecast is fall, 10,000; winter, 8,500; spring 7,250; summer, 11,000. Inventory

Develop a production plan and calculate the annual cost for a firm whose demand forecast is fall, 10,000; winter, 8,500; spring 7,250; summer, 11,000. Inventory at the beginning of fall is 400 units. At the beginning of fall you currently have 30 workers, but you plan to hire temporary workers at the beginning of summer and lay them off at the end of summer. Relevant costs are: hiring, $100 for each temp; layoff, $200 for each worker laid off; material, $15 per unit; straight time, $6 per hour. Assume that the productivity is 0.5 units per worker hour, with 9 hours per day and 60 days per season.

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