Question: Hello. Please help me with these calculations. Problem 1 Based on the demand shown below, use a (a) chase production strategy and (b) level production

Hello. Please help me with these calculations.

Problem 1

Based on the demand shown below, use a (a) chase production strategy and (b) level production strategy to compute the monthly production, ending inventory or backlog, and workforce levels. A worker can produce 50 units per month. Beginning inventory in January is 500 units, and the firm is targeting 200 units of inventory at the end of June.

Month

JAN

FEB

MAR

APR

MAY

JUN

Demand

2000

3000

5000

6000

5000

2000

Production

Ending Inventory

Workforce

Problem 2

Given the following information, compute the economic order quantity, annual holding cost, annual order cost, and annual total inventory cost.

Annual requirements (R) = 50,000 units

Order cost (S) = $150 per order

Holding rate (k) = 15%

Unit cost (c) = $100 per unit

Variable

Answer

EOQ

Annual Holding Cost

Annual Order Cost

Total Annual Inventory Cost

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