Osprey Machine Works Has the Following Demand Requirements and Other

question 115

Essay

Osprey Machine Works has the following demand requirements and other data for the upcoming four quarters.
$\begin{array}{|l|l|l|l|}\hline\text { Quarter}& \text { Demand }& \text { Previous quarter's output } & 2500 \text { units } \\\hline 1&2300&\text { Beginning inventory } &20 0 \text { units } \\\hline2&2400&\text { Stockout cost } & \$ 50 \text { per unit } \\\hline3&2600 &\text { Iniventory holding cost } & \$ 10 \text { per unit at end of quarter } \\\hline4&2100 &\text { Hiring workers } & \$4 \text { per unit } \\\hline &&\text { Laying off workers } & \$ 8 \text { per unit } \\\hline&& \text {Unit cost} & \$ 30 \text { per unit } \\\hline&& \text { Overtime } & \$ 10 \text { per unit }\\\hline\end{array}$


What is the total cost of pursuing a level aggregate plan over the coming year?

---

Definitions:

Basic psychological needs

Fundamental requirements for mental well-being, such as the need for autonomy, competence, and relatedness.

Autonomy

The ability or right of individuals to make their own choices and control their own lives.

Integrity

The quality of being honest and having strong moral principles; moral uprightness.

Erikson's concept

Relates to Erik Erikson's theory of psychosocial development, which outlines eight stages of human development, each characterized by a specific conflict and its resolution.