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Right now is July 1, 2021. You would like to construct an aggregate production plan for product P1X34 for the next four quarters of 2021.

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Right now is July 1, 2021. You would like to construct an aggregate production plan for product P1X34 for the next four quarters of 2021. Cost of regular production =65$/u Cost of overtime production =97$/u Inventory holding cost =5$/u/qtr Cost of increasing regular production =32 $/u Cost of decreasing regular production =50 $/u The regular production in Quarter 4 of 2020= 657u The inventory at the beginning of Quarter 1 of 2021 is estimated to be 64u The forecasted demand for the four quarters of 2021 are: 722,807,768, and 646 units. You want to use the chase production strategy without overtime production and keep inventory as low as possible. Shortages are not allowed. You must perform the calculation and answer the questions shown below. Right now is July 1, 2021. You would like to construct an aggregate production plan for product P1X34 for the next four quarters of 2021. Cost of regular production =65$/u Cost of overtime production =97$/u Inventory holding cost =5$/u/qtr Cost of increasing regular production =32 $/u Cost of decreasing regular production =50 $/u The regular production in Quarter 4 of 2020= 657u The inventory at the beginning of Quarter 1 of 2021 is estimated to be 64u The forecasted demand for the four quarters of 2021 are: 722,807,768, and 646 units. You want to use the chase production strategy without overtime production and keep inventory as low as possible. Shortages are not allowed. You must perform the calculation and answer the questions shown below

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