Question: DO NOT SOLVE WITH EXCEL, Please write or type it out A local firm manufactures children's toys. The expected demand over the next four months

DO NOT SOLVE WITH EXCEL, Please write or type it

DO NOT SOLVE WITH EXCEL, Please write or type it out

A local firm manufactures children's toys. The expected demand over the next four months for one particular model of toy robot is Assume that a normal workday is 8 hours. Hiring costs are $350 per worker and firing costs (including severance pay) are $850 per worker. Inventory holding costs are $4.00 per aggregate units held per month. Assume that it requires an average of 1 hour and 40 minutes for one worker to assemble one toy. Shortages are not permitted. Assume that the ending inventory for June was 600 of these toys and the manager wishes to have at least 800 units on hand at the end of October. Assume that the current workforce level is 35 workers. 1) Find the minimum constant workforce plan (i.e. a level strategy plan with fixed number of workers) for the four month and the total hiring, firing, and holding costs of the plan. Summarize your calculations in the form of tables with appropriate headings. 2) Determine the plan that changes the workforce level each month to most closely match the demand (i.e. a chase strategy plan) and the cost of that plan. Summarize your

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