rewrite the following answers into a professional and well written answers: The cost categories required as inputs for aggregate planning are inventory costs and production costs. Inventory costs include the cost of having 'too much' regarding storage costs per period and 'too little' regarding backorder or stockout costs. Production costs include labor costs of regular and overtime, costs of subcontracting production, costs of changing capacity by hiring or laying off workforce and increasing or reducing machine capacity

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When conducting aggregate planning organizations require several essential cost components as critic... View the full answer