Compute the total cost of your plan

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Refer to Solved Problem 1. Prepare an aggregate plan that uses overtime ($9 per unit, maximum output 25 units per period) and inventory variation. Try to minimize backlogs. The ending inven- tory in period 9 should be zero, and the limit on backlogs is 60 units per period. Note that Total output = Total regular output + Overtime quantity. Compute the total cost of your plan, and compare it to the total cost of the plan used in the solved problem. Assume 20 full-time workers.

Text Book: Operations Management By Santosh Patnaik.

Reference no: EM13922435

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