Question: Please ignore the data provided in the case study and use the following data : Opening Stock: 80 units Desired Closing Stock: 300 units Backorder
Please ignore the data provided in the case study and use the following data :
Opening Stock: 80 units
Desired Closing Stock: 300 units
Backorder Costs: $ 70/ unit
In-house production costs: $ 49.5 per unit
Subcontract Production costs: $ 75 per unit
Inventory Holding costs: $ 15 / unit/ month
Production Capacity: 25 units per month per worker
There are currently 80 workers employed
Hiring Costs 450$ per worker
Firing Costs 1200$ per worker
Please use the Forecast Demand data in the worksheet provided and modify the worksheet as required. Please note the Case data is refreshed with new demand and other data.
1. Compute the total using this sheet for Chase strategy, Level and Subcontract.

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