Question: Q3. You are required to develop an aggregate plan for a new product. The four-quarter forecast data and the relevant information is provided as following:

Q3. You are required to develop an aggregate plan for a new product. The four-quarter forecast data and the relevant information is provided as following: Your job is to develop an aggregate plan for the next four quarters. a) Firstly, try hiring and layoff. b) Try a plan that hold employment steady. c) Which is the most economical plan? d) Discuss the implications of adopting option a) and b)

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