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A toy manufacturer in Kozhikode has determined the demand ( in units ) for the next year. This demand information is shown in the below

A toy manufacturer in Kozhikode has determined the demand (in units) for the next year. This demand information is shown in the below tableMonth123456Demand5008001000140020001800Month789101112Demand13501100900240029001000Each worker is paid a monthly salary of Rs.8000 and can produce 10 toys per month. The owner does not resort to overtime, instead he prefers to hire and fire workers depending on his requirement. He can hire and train a new employee for Rs.8000 and layoff for Rs.2000. In this way, he enables the local community to acquire some skills and gainfully employ themselves over time. The cost of holding inventory is Rs 125 per month, cost of unmet demand is Rs.250. At present there are 143 employees in the manufacturing unit. Prepare a level production strategy for the toy manufacturer. If he had only 130 employees instead of 143, what would be the cost of the identified strategy?

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