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Right now is August 1 , 2 0 2 0 . You would like to construct an aggregate production plan for product PX 2 7
Right now is August You would like to construct an aggregate production plan for product PX for the four quarters of Cost of regular production $unitCost of overtime production $uInventory holding cost $uqtrCost of increasing regular production $uCost of decreasing regular production $uThe regular production in Quarter of uThe inventory a the beginning of Quarter of is estimated to be UThe forecasted demand for the four quarters of are: and units.You want to use the chase production strategy with overtime production.Furthermore, you will keep inventory as low as possible but stockouts shortages must be avoided. the total cost of the chase production strategy is dollars
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