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What should Smart Metering do? 3(b) Anik & Co. produces electric wires for state electricity department. Quality is not quite good as it could be

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What should Smart Metering do? 3(b) Anik & Co. produces electric wires for state electricity department. Quality is not quite good as it could be at this point, but the selling price is low and Anik can study the market response while spending more time on R&D. At this stage, however Anik & co. needs to develop aggregate production plan for the next six months January through June. You have been commissioned to create the plan. The following information should help: January February March April May June Total Demand 500 600 650 800 900 800 4250 forecast Number 22 19 21 21 22 20 125 of working days Costs Materials $ 100/unit Inventory holding cost $ 10/unit/month Marginal cost of stockout $ 20/unit/month Marginal cost of subcontracting $ 100/unit Hiring & training cost $ 50/worker Layoff cost $ 100/worker

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