Question: Prepare the lowest cost production plan for periods shown using the policy making 2000 every period with regular production. Overtime is used in the period

Prepare the lowest cost production plan for

Prepare the lowest cost production plan for periods shown using the policy making 2000 every period with regular production. Overtime is used in the period only when a shortfall occurs. Report the overtime cost and total cost (including all hiring and firing cost) and the amount carried over as inventory to period 11 from period 10 based on this plan. Exclude in cost calculation last period inventory being carried to the period outside of periods listed. Period Demand Prior period output 2000 Stockout cost NA 7 / 1900 Starting inventory 0 Inventory carry cost 15 8 / 1900 2400 Regular cost Hiring 120 | 10 | 1700L Overtime cost 85 L Layoff/ firing 200 |

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