Given the following costs and demand forecasts, test these four strategies for meering demand a) level...

  

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Given the following costs and demand forecasts, test these four strategies for meering demand a) level production with over time and Sub Contracting as needed. b) level production with back orders as needed C) Chase demand d) 3000 units of regular foodwerion. from April through September and as as needed much regulay, over time, and subcontracting production in the other months to meet annual demand. Determine the Cost of each Strategy.. Month September October November December January February March April May June July August Demand 1500 1000 600 600 5/21-2021 800 1000 1000 4000 /05/21-2000 6500 6000 4000 23/05/216 ht520 Beginning inventory Beginning workforce Production rate 325-0023/05/21-202 25 workers 100 fans per worker per month $40 per fan $60 per fan 23/05/20 Regular production cost Overtime production cost Subcontracting cost Overtime capacity 0020 Holding cost Hiring cost Firing cost $70 per fan Not to exceed regular production Unlimited $8 per fan 2023nt520-828002023/05/201 82825 Subcontracting capacity 9023/05/2 Given the following costs and demand forecasts, test these four strategies for meering demand a) level production with over time and Sub Contracting as needed. b) level production with back orders as needed C) Chase demand d) 3000 units of regular foodwerion. from April through September and as as needed much regulay, over time, and subcontracting production in the other months to meet annual demand. Determine the Cost of each Strategy.. Month September October November December January February March April May June July August Demand 1500 1000 600 600 5/21-2021 800 1000 1000 4000 /05/21-2000 6500 6000 4000 23/05/216 ht520 Beginning inventory Beginning workforce Production rate 325-0023/05/21-202 25 workers 100 fans per worker per month $40 per fan $60 per fan 23/05/20 Regular production cost Overtime production cost Subcontracting cost Overtime capacity 0020 Holding cost Hiring cost Firing cost $70 per fan Not to exceed regular production Unlimited $8 per fan 2023nt520-828002023/05/201 82825 Subcontracting capacity 9023/05/2

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Answer To calculate the costs for each strategy we need to consider the given demand forecasts and costs for production methods Lets start with each strategy Strategy a Level Production with Overtime ... View the full answer