Please ignore the data provided in the case study and use the following data: Opening Stock: 120
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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: $ 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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