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Appliances Incorporated is preparing an aggregate production plan for washers for the next four months. The company's expected monthly demand is given below in the
Appliances Incorporated is preparing an aggregate production plan for washers for the next four months. The company's expected monthly demand is given below in the chart. The company will have washers in inventory at the beginning of the month and desires to maintain at least that number at the end of each month. Below are other critical data:
Beginning inventory
Desired minimum ending inventory at end of each month
Production cost per unit $
Inventory carrying cost per month per unit based on ending month inventory $
Hiring cost per worker $
Firing cost per worker $
Beginning number of workers
Each worker can produce units per month
Required:
a Given the planning information, develop a level production plan and a chase production plan.
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