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Question
Eagle Fabrication has the following aggregate demand requirements and other data for the upcoming four quarters.
| Quarter | Demand | Previous quarter's output | 1500 units | |
| 1 | 1300 | Beginning inventory | 200 units | |
| 2 | 1400 | Stockout cost | $50 per unit | |
| 3 | 1500 | Inventory holding cost | $10 per unit at end of quarter | |
| 4 | 1300 | Hiring workers | $4 per unit | |
| Laying off workers | $8 per unit | |||
| Unit cost | $30 per unit | |||
| Overtime | $10 extra per unit |
Which of the following production plans is better: Plan Achase demand by hiring and layoffs; or Plan Bproduce at a constant rate of 1200 and obtain the remainder from overtime?
Answer
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