Question: OPER1401 Aggregate Planning Example #1 IR3A December Production = 1400 units Labour Cost = $16/ hour Sub-contract cost = $15 / unit Inventory carrying cost

OPER1401 Aggregate Planning Example #1 IR3A December Production = 1400 units Labour Cost = $16/ hour Sub-contract cost = $15 / unit Inventory carrying cost = $2/month / unit Part time labour cost = $13/ hour Overtime Cost = $ 24 / hour Hiring cost = $40 / unit hired Layoff cost = $60 / unit Labour hours to produce a unit = .5 PLAN A Period Jan Feb Mar Apr May Vary the workforce to exactly meet the demand requirements. Chase strategy. Available Forecast Days Demand Production 18 1400 20 1600 20 1500 21 1800 21 2200 PLAN B Keep a stable workforce by producing at a constant rate equal to the avera daily requirements, and allow inventory to fluctuate. Production Period Jan Feb Mar Apr May Available Days 18 20 20 21 21 Forecast Demand 1400 1600 1500 1800 2200

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