EXERCISE #5 Complete TWO (2) strategies in aggregate planning as shown in the following tables based on given information: 1. Use permanent workers of 8, OT and s/K not more than 2 workers and BKO as needed. Jan Feb March Apr May June July Aug Sept Oct Nov Dec 4000 8000 6000 2000 7000 2000 5000 6000 8000 3000 2000 7000 Current work force Production per worker Inventory holding cost Regular wage rate Overtime wage rate (OT) Sub-contracting wage rate (S/K) Back-ordering (BKO) Hiring cost Firing cost Beginning inventory 12 workers 500 units per month $0.30 per unit $20.00 $30.00 $40.00 $50.00 $1500 per worker $3000 per worker 500 units Mth Demand Over S/K Inventory BKO Workers H H F Regular Production Time Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Total Cost