Question: Question 3 The forecasts below is for a particular planning horizon; suppose overtime (OT) period is allowed for meeting demand that could not be met

Question 3

The forecasts below is for a particular planning horizon; suppose overtime (OT) period is allowed for meeting demand that could not be met in the regular production time (RT). Your Chief Executive has asked you to prepare an aggregate plan that will keep both the number of workforce and the inventory level constant. Show how you would accomplish this task.

Question 3 The forecasts below is for a particular planning horizon; suppose overtime (OT) period is allowed for meeting demand that could not be met in the regular production time (RT). Your Chief Executive has asked you to prepare an aggregate plan that will keep both the number of workforce and the inventory level constant. Show how you would accomplish this task. Forecast D.Other production planning parameters 12200 Production costs = $15/unit 2 1700 Inventory holding costs =$5/unit 312000 Hiring costs = $100/worker 141567 Firing costs - $300/worker 1600 Number of workers = 10 Production rate/worker = 25/period Starting and ending inventories = 500

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