Question: EXAMPLE A retailer experiences a seasonal demand pattern for its services. Labor requirements over a typical six - month period are provided in the table
EXAMPLE
A retailer experiences a seasonal demand pattern for its services. Labor requirements over a typical sixmonth period are provided in the table below. Costs associated with operations are as follows: Wages $ per worker per month; Hiring cost $ per worker; and Layoff cost $ per worker. The retailer would like to prepare an aggregate plan by using a chase demand strategy without overtime and subcontracting If their current workforce size is workers, what would be the total cost of such a plan?
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