Question: The current aggregate demand requirements for a firm are shown below for the next six months: ( May 1 2 0 , June 1 0
The current aggregate demand requirements for a firm are shown below for the next six months:May June July Aug Sept Oct The firm always plans to meet all demand. The firm currently has workers capable of producing units in a month unitworker The workforce can be increased at a cost of $ per worker or decreased at a cost of $ per worker Inventory holding cost is $ per unit per month. The firm currently has units of inventory on hand, and it would like to have units available at the end of each month. Regular production cost is $ per unit.a What should the aggregate plan be if the inventory holding cost is to be minimized?b What is the cost of this plan?
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