Question: You would like to construct an aggregate production plan for product CT34 for the four quarters of next year. Cost of regular production - 70

You would like to construct an aggregate
You would like to construct an aggregate production plan for product CT34 for the four quarters of next year. Cost of regular production - 70 $/u Cost of overtime production - 95 $/u Inventory holding cost - 7 $/u/qtr Cost of increasing production 80 $/ Cost of decreasing production 110 $/ The regular production for the last quarter of this year 1900 u Inventory level at the end of the last quarter of this year 140 u The forecasted demand for the four quarters of next year are: 2600, 2800, 2200, and 1800 units. You want to use the chase production strategy without overtime production. Furthermore, you will keep inventory as low as possible. Stockouts (shortages) are not allowed. Construct a spreadsheet showing the production plan for next year. Calculate all related costs for the plan. You must submit a report (EXCEL spreadsheets) showing calculation and brief explanation. You must use your name as the file name of your report(e.g., Brown-Stacy-HW1). Only a clean and organized report will get points

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