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Osprey Machine Works has the following demand requirements and other data for the upcoming four quarters. Determine the cost for the following aggregate planning strategies:
Osprey Machine Works has the following demand requirements and other data for the upcoming four quarters. Determine the cost for the following aggregate planning strategies: a. Plan A - Vary the workforce using a chase strategy by hiring and layoffs to match regular time production to monthly demand. What is the total cost of this strategy? $ b. Plan B - utilize a level strategy @ 2,200 for the planning period, with the option of using overtime and inventory levels if needed. What is the total cost of this plan? $ c. Plan C - utilize a level strategy at the minimum demand level of the planning period, then using subcontracting and inventory levels when needed. What is the total cost of this plan? Osprey Machine Works has the following demand requirements and other data for the upcoming four quarters. Determine the cost for the following aggregate planning strategies: a. Plan A - Vary the workforce using a chase strategy by hiring and layoffs to match regular time production to monthly demand. What is the total cost of this strategy? $ b. Plan B - utilize a level strategy @ 2,200 for the planning period, with the option of using overtime and inventory levels if needed. What is the total cost of this plan? $ c. Plan C - utilize a level strategy at the minimum demand level of the planning period, then using subcontracting and inventory levels when needed. What is the total cost of this plan
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