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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 tableMonthDemandMonthDemandEach worker is paid a monthly salary of Rs and can produce 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 and layoff for Rs 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 per month, cost of unmet demand is Rs At present there are employees in the manufacturing unit. Prepare a level production strategy for the toy manufacturer. If he had only employees instead of what would be the cost of the identified strategy?
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