Question: Question 1: Given the Information in the following table you are required to calculate i) ii) Months Level Strategy with average production per month Chase

Question 1: Given the Information in the

Question 1: Given the Information in the following table you are required to calculate i) ii) Months Level Strategy with average production per month Chase strategy for the production May June July Aug Sep 7350 590 100 7200 5400 Oct Dec Nov 9550 Demand 1850 6300 7350 1590 0100 3200 6400 4850 5550 2300 Additional Information: Stock cost $200 per unit, Holding cost $30 per unit Layoff Cost $1500 per 100 units Hiring Cost $2000 per 100 units Production in April was exactly as in May Question 1: Given the Information in the following table you are required to calculate i) ii) Months Level Strategy with average production per month Chase strategy for the production May June July Aug Sep 7350 590 100 7200 5400 Oct Dec Nov 9550 Demand 1850 6300 7350 1590 0100 3200 6400 4850 5550 2300 Additional Information: Stock cost $200 per unit, Holding cost $30 per unit Layoff Cost $1500 per 100 units Hiring Cost $2000 per 100 units Production in April was exactly as in May

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