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The quarterly demand forecast for your product for the next four quarters is provided in the table below. You also know the following information: Current
The quarterly demand forecast for your product for the next four quarters is provided in the table below. You also know the following information:
Current number of employees employees
Production per employee units per quarter
Hiring costs $ per employee
Firing costs $ per employee
Inventory storage costs $ per unit per quarter
Production costs $ per unit
Employees hired in each quarter are available from the beginning of quarter which means you get all units of their productivity that quarter Employees are fired such that their productivity is not available for the entire quarter. We can assume this because this is an aggregate plan and not actual events.
tableQuarterDemand Forecast,
tableQuarterly Production,,,,Workers Needed,,,,Workers Hired,,,,Workers Fired,,,,Hiring Cost,,,,Firing Cost,,,,
tableBeginning Inventory,,,,Ending Inventory,,,,Average Inventory,,,,Inventory Holding Cost,,,,
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