Question: Solve for total inventory cost using level production and the following aggregate production planning information: Quarter Demand Forecast 1 75,000 2 100,000 3 75,000 4

Solve for total inventory cost using level production and the following aggregate production planning information: Quarter Demand Forecast 1 75,000 2 100,000 3 75,000 4 125,000 Beginning Workforce = 50 workers Production per Employee = 250 units per quarter Hiring Cost = $1000 per worker Firing Cost = $1,500 per worker Inventory Carrying Cost = $15 per unit per quarter

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