Question: The current aggregate demand requirements for a firm are shown below for the next six months:May demand 1 2 0 June demand 1 0 0
The current aggregate demand requirements for a firm are shown below for the next six months:May demand June demand July demand Aug demand Sep demand Oct demand 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?a The aggregate plan should be to decrease the workforce to match the required workers.b The cost of this plan is the total cost calculated in Step
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