Question: Using the data provided in question 1, create an aggregate plan analysis in Excel using the following 4 production strategies: a) Produce exactly to meet

Using the data provided in question 1, create an aggregate plan analysis in Excel using the following 4 production strategies:

a) Produce exactly to meet demand; vary workforce (assuming workforce equal to first months requirements) b) Constant workforce based on average production over the 6th months using stock outs and inventory only (calculate the workforce: total demand/total work hours per 1 employee) c) Constant low workforce based on production requirements for lowest month, use subcontracting to meet demand d) Constant workforce of 2 less workers than the workforce required in part b, use overtime to meet demand

You must also provide a table comparing the costs calculated from your analysis that looks like this:

Cost Comparison
Cost Plan a Plan b Plan c Plan d
Hiring
Layoff
Inventory Holding
Stockout
Overtime
Straight time
Total

Upload a single Excel file here. FORMATTING: 1. Set the decimals to zero (0) so that the numbers appear as whole numbers in your cells. 2. Provide all parts of the analysis on a single sheet.

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