Question: its an operations management assignment i need help with if you can provide me a solution and compare it with mine to prepare for the

its an operations management assignment i need help with if you can provide me a solution and compare it with mine to prepare for the exam. all the data is below

MGMT 313 - Operations Management Fall 2020-2021 Purpose: The purpose of this case study is to draw students' attention toward the tools and methods required to aggregate production planning. An operation manager of a company needs to develop an aggregate production plan for the next six months that will meet demand during this period while minimizing costs.

The manager gathered the following data: Forecast demand for the product : Month Jan Feb Mar Apr May June Forecast of demand (units) 950 700 500 350 400 700 Working days 22 20 24 20 22 24 Estimated production costs: (in $ ) Inventory carrying cost per month. 1.5 per unit per month Stock-out cost (Shortage cost) $4.5 per unit per month Labor hours required 8 hrs / unit Hiring cost 100 per employee Firing cost (layoff cost) 120 per employee Straight line cost $12 per hour Beginning employment level (in Jan.) 20 employees Beginning inventory level 120 units Hours per employee per day 8 hours Safety stock 50 units each month. Marginal cost of subcontracting $20/unit

A. Chase Strategy: Produce exactly to meet demand; vary workforce (assuming opening workforce equal to first month's requirements).

B. Level Strategy: Constant workforce; vary inventory and allow shortages only (assuming a workforce of 10).

C. Constant low workforce; use subcontracting. Apply the above strategies and suggest the most appropriate strategy to be applied.

as soon as possible I need an answer to prepare for my exam.

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