Question: Please ignore the data provided in the case study and use the following data: Opening Stock: 120 units Desired Closing Stock: 240 units Back-order Costs:

Please ignore the data provided in the case study and use the following data:

Opening Stock: 120 units

Desired Closing Stock: 240 units

Back-order Costs: $ 50/ unit

In-house production costs: $ 45 per unit

Subcontract Production costs: $ 65 per unit

Inventory Holding costs: $10 / unit/ month

Production Capacity: 20 units per month per worker

There are currently 100 workers employed

Hiring Costs 400$ per worker

Firing Costs 800S per worker

Questions;

1. Using the data, develop a Level Production plan. Calculate the total cost.

2. Using the data, develop a Chase Production plan. Calculate the total cost.

3. Using the data, develop a Subcontract Production plan. Calculate the total cost.wee

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