Question: Right now is August 1 , 2 0 2 0 . You would like to construct an aggregate production plan for product P 1 X
Right now is August You would like to construct an aggregate production plan for product PX for the next four quarters of
Cost of regular production $u
Cost of overtime production $u
Inventory holding cost $uqtr
Cost of increasing regular production $u
Cost of decreasing regular production $u
The regular production in Quarter of u
The inventory at the beginning of Quarter of is estimated to be u
The forecasted demand for the four quarters of are: and units.
You want to use the chase production strategy without overtime production and keep inventory as low as possible. Stockouts shortages are not allowed. You must perform the calculation and answer the questions shown below.
NOTE: Do not use any comma in your answers.
The total cost of the chase production strategy is dollars.
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