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

Question 1: Given the Information in the

Question 1: Given the Information in the following table you are required to calculate 1) Level Strategy with average production per day ii) Chase strategy for the production. Months May June July Aug Sep Demand 7350 0590 0100 8200 2400 Oct Dec Nov 1550 3850 8300 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 (10+10 Ma Please turn over Page 1 of 2 Continued From Overleaf

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