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Right now is Oct 27, 2021. You are developing an aggregate production plan for 2022. Suppose the beginning inventory at the first quarter of 2022
Right now is Oct 27, 2021. You are developing an aggregate production plan for 2022. Suppose the beginning inventory at the first quarter of 2022 is estimated to be 137 units. The forecasted demand for Quarter 1 through Quarter 4 of 2022 are 1,038, 1,676, 1,236, and 1,287 units, respectively. The regular-time production in Quarter 4 2021 is 1,537 units. The ending inventory in Quarter 4 2021 is 137 units. The cost of regular-time production is $45 per unit while the cost of overtime production per unit is 45% more than the cost of regular-time production per unit. The cost of decreasing regular-time production is $28 per unit. The cost of increasing regular-time production is $29 per unit. You want to use the chase production plan without overtime. If the demand in each quarter must be satisfied, what is the total cost of regular-time production in 2022
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