Question: You would like to construct an aggregate production plan for product LS2410 for the next four quarters. Cost of regular production = 110 $/u Cost

You would like to construct an aggregate production plan for product LS2410 for the next four quarters. Cost of regular production = 110 $/u Cost of overtime production = 160 $/u Inventory holding cost = 12 $/u/qtr Cost of increasing production = 120 $/u Cost of decreasing production = 135 $/u Subcontracting cost = 145 $/u Stockout cost = 160 Slu Previous quarter's regular production = 3100 u Beginning inventory level = 150 u The forecasted demand for the next four quarters are: 3400, 3150, 3000, and 3500 units. Suppose that you want to set the quarterly regular production constant at 3100 units and to use overtime if necessary You do not want to use any subcontract. Furthermore, you will keep inventory as low as possible. Stockouts are not allowed. You must perform the calculation and answer the questions shown below. NOTE: Do not use any comma in your answers

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