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Question
Golden Eagle Machine Works has the following demand requirements and other data for the upcoming four quarters.
| Quarter | Demand | Previous quarter's output | 2500 units | |
| 1 | 2300 | Beginning inventory | 200 units | |
| 2 | 2400 | Stockout (backorder) cost | $50 per unit | |
| 3 | 2600 | Inventory holding cost | $10 per unit at end of quarter | |
| 4 | 2100 | Hiring workers | $4 per unit | |
| Laying off workers | $8 per unit | |||
| Unit cost | $30 per unit |
What is the total cost of pursuing a chase aggregate plan over the coming year?
Answer
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