Question: Using the information shown in the table, develop an aggregate plan for the next 5 years, using a constant level strategy. Calculate how much it

Using the information shown in the table, develop an aggregate plan for the next 5 years, using a constant level strategy. Calculate how much it would cost to follow that strategy.

Year Forecast demand
1 300
2 120
3 200
4 110
5 135 

Available workers
 3 
Starting Inventory
 20 
Salary per worker per year
 $25,000 
factor K (production per worker per year)
30 
Cost of holding inventory per product per year
 $0.04 
Hiring cost per worker per year
 $500 
Layoff cost per worker per year
 $1,000

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