Problem 8-14
Develop a production schedule to produce the exact production
requirements by varying the workforce size for the following
problem.
The monthly forecasts for Product
X for January, February, and March are 1,010, 1,490, and 1,240,
respectively. Safety stock policy recommends that half of the
forecast for that month be defined as safety stock. There are 22
working days in January, 19 in February, and 21 in March. Beginning
inventory is 550 units.
Manufacturing cost is $200 per
unit,...