Question: Replace the March demand forecast 5 1 0 by C . During a 4 6 - day period when there were 1 2 0 workers,
Replace the March demand forecast by C
During a day period when there were workers, the firm produced cookies. Assume that there are workers employed, and C cookies in inventory at the beginning of month January Further assume that the inventory carrying cost cI $cookiemonth employee hiring cost cH $work and cost of firing one worker cF $worker It is required that the inventory level at the end of month December is C
Zero inventory plan chase strategy: Find the optimal zeroinventory plan to meet all monthly demands, assuming that back order is not allowed. Compute the total cost of hiring and firing. In this case, inventory carrying cost should be zero except for the ending inventoryThe Mr Meadows Cookie Company can obtain accurate forecasts for months based
on firm orders. These forecasts and the number of workdays per month are as follows:
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