Osprey Machine Works Has the Following Demand Requirements and Other

question 7

Essay

Osprey Machine Works has the following demand requirements and other data for the upcoming four quarters.
$\begin{array}{|l|l|l|l|}\hline\text { Quarter } & \text { Demand } & \text { Previous quarter's output } & 2500 \text { units } \\\hline 1 & 2300 & \text { Beginning inventory } & 200 \text { units } \\\hline 2 & 2400 & \text { Stockout (backorder) cost } & \$ 50 \text { per unit } \\\hline 3 & 2600 & \text { Inventory holding cost } & \text { \$10 per unit at } \\&&&\text { end of quarter }\\\hline4 & 2100 & \text { Hiring workers } & \$ 4 \text { per unit } \\\hline & & \text { Laying off workers } & \text { \$8 per unit } \\\hline & & \text { Unit cost } & \text { \$30 per unit } \\\hline && \text { Overtime } & \text { \$10 extra per unit } \\\hline\end{array}$ What is the total cost of pursuing a level aggregate plan over the coming year?

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Definitions:

Exploring

The act of traveling through unfamiliar areas in order to learn about them or the act of examining or discussing a subject in detail to discover new information.

Standardized Testing

Tests administered and scored consistently across different individuals to measure their abilities or knowledge in certain areas.

Overall Performance

Overall performance captures the total effectiveness, output, or achievement of an individual or organization, considering all efforts and outcomes.

Poorly Performing

Describing something that fails to achieve expected standards or results in a given task or area.