one is chase the other is level

Chase Production Environment Each employee can produce 15 items per month SO 400 30 dollars per unit per month 3000 dollars per month 4000 dollars per employee 1000 dollars per employee January 1100 February 1200 March 1400 April 1300 May 1800 June 1000 Class Example TYPE OF STRATEGY Current employees Beginning inventory Carrying costs Regular wages Hiring Costs Firing Costs No Overtime allowed Backorders allowed Forecasted Demand Monthly Production Required Forecasted Workforce Required Inventory Rollforward Beginning of Month Inventory Plus Production Less demand Ending of the Month Inventory Workforce Rollforward Current Workforce level Hires Fires Total Workforce Utilized Employees Regular Employees Available Undertime Used Costs Carrying costs Utilized Regular Time Costs Undertime Costs Hiring Costs Firing Costs Total costs Grand Total Production Environment Level Each employee can produce 15 items per month Class Example TYPE OF STRATEGY Current employees Beginning Inventory Carrying costs Regular wages Hiring Costs Firing Costs No Overtime allowed Backorders allowed 50 400 30 dollars per unit per month 3000 dollars per month 4000 dollars per employee 1000 dollars per employee January 1100 February 1200 March 1400 April 1300 May 1800 June 1000 Forecasted Demand Monthly Production Required Forecasted Workforce Required Inventory Rollforward Beginning of Month Inventory Plus Production Less demand Ending of the Month Inventory Workforce Rollforward Current Workforce Level Hires Fires Total Workforce Utilized Employees Regular Employees Available Undertime Used Costs Carrying costs Utilized Regular Time Costs Undertime Costs Hiring Costs Firing Costs Total costs Grand Total