Homework #1 (Due 2/10 before the class; worth 10 points)
Planning assumptions
Employee productivity	10	units/day		Hiring cost	$600	per employee
Beginning labor force	30	employees		Layoff cost	$1,200	per employee
Inventory carrying cost	$5	per unit per month (applied to the monthly ending inventory)
Beginning inventory level	1,000	units
Planning horizon = 6 months
1. Develop a chase plan with target days of supply at the end of each month = 5 days.
2. Develop a level plan with target days of supply at end of planning horizon = 5 days.
3. Show your work for the calculations of the daily production rate and the number of employees required for the level plan.
(For the other calculations, you dont have to show your work; you just need to submit the tables.)
	Jan	Feb	Mar	Apr	May	Jun	Jul
Sales
Forecast	5500	6000	7000	9000	8000	6000	6000
Operations
Production
# emplyees required
# working days/month	19	20	22	22	20	22	22
Inventory
Inventory level (units)
Days of supply
Hires/layoffs
Hires
Layoffs
Cost of:							Total
Hiring
Layoffs
Inventory
						Total cost