please answer within 30 minutes. Amber's Fabrication has the following aggregate demand requirements and other data for the upcoming four quarters.Quarter DemandPreviousquarter's 800 unitsoutput1700Beginning inventory0 units2900Stockout cost$100 per unit31200Inventory holding cost$10 per unit at end ofquarter4600Hiring workers$20 per unitFiring workers$40 per unitSubcontracting cost$200 per unitUnit cost$100 per unitOvertime$50 extra per unitWhich of the following production plans is better: Plan A-chase demand by hiring and firing; Plan B-pure level strategy, or Plan C-700 level with the remainder by subcontracting?

In chase plan production is always kept more than the demand (thats why it is called as chase as…

Amber's Fabrication has the following aggregate demand requirements and other data for the upcoming four quarters. 2 Quarter Demand Previous quarter's 800 units output 1 700 Beginning inventory 0 units 2 900 Stockout cost $100 per unit 3 1200 Inventory holding cost $10 per unit at end of quarter 4 Hiring workers $20 per unit Firing workers $40 per unit Subcontracting cost $200 per unit Unit cost $100 per unit Overtime $50 extra per unit EIVE Which of the following production plans is better: Plan A-chase demand by hiring and firing; Plan B-pure level strategy, or Plan C- 700 level with the remainder by subcontracting? 600

Amber's Fabrication has the following aggregate demand requirements and other data for the upcoming four quarters. 2 Quarter Demand Previous quarter's 800 units output 1 700 Beginning inventory 0 units 2 900 Stockout cost $100 per unit 3 1200 Inventory holding cost $10 per unit at end of quarter 4 Hiring workers $20 per unit Firing workers $40 per unit Subcontracting cost $200 per unit Unit cost $100 per unit Overtime $50 extra per unit EIVE Which of the following production plans is better: Plan A-chase demand by hiring and firing; Plan B-pure level strategy, or Plan C- 700 level with the remainder by subcontracting? 600

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Random service times can be modeled by this.