Question: please show step by step!!! 2. Suppose that Ivar Jorgenson, a head operations planner for Bi-Product Company, finds out that the long- range forecast was
please show step by step!!!
2. Suppose that Ivar Jorgenson, a head operations planner for Bi-Product Company, finds out that the long- range forecast was revised by the growing economy. As a result, the marketing department at Bi-Product Company raises its forecast for quarter 2, 3 and 4 sales of Product B to 7000, 6500 and 7000 units respectively. He will now have to develop and analyze several alternative level plans for next year. Keep in mind that each of these plans must consider: Beginning inventory of 1,000 units of Product A and 500 units of Product B. Ending inventory and back orders for quarter 4 must be zero Each plan must have the same level total-output rate each quarter
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