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Homework #1 (Due 2/10 before the class; worth 10 points) Planning assumptions Employee productivity Beginning labor force Inventory carrying cost Beginning inventory level Planning horizon = 6 months 10 units/day Hiring cost $600 per employee 30 employees Layoff cost $1,200 per employee $5 per unit per month (applied to the monthly ending inventory) 1,000 units 1. Develop a chase plan with target days of supply at the end of each month = 5 days. 2. Develop a level plan with target days of supply at end of planning horizon = 5 days. 3. Show your work for the calculations of the daily production rate and the number of employees required for (For the other calculations, you don't have to show your work; you just need to submit the tables.) Jan Feb Mar Apr May Jun Jul Sales Forecast 5500 6000 7000 9000 8000 6000 6000 19 20 22 22 20 22 22 Operations Production #emplyees required #working days/month Inventory Inventory level (units) Days of supply Hires/layoffs Hires Layoffs Cost of: Hiring Layoffs Inventory Total Total cost