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. The total cost of decreasing regular production is dollars.
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