Create a minimum cost chase plan for the forecast shown in the table.There is no beginning inventory and regular production capacity is 350 units.Overtime costs $20 extra and is limited to 50 units per month and subcontracting is limited to 100 units per month and costs $15 per unit.Back orders cost $40 per unit and there is a cost of $5 per month to hold a unit in inventory.There is room for only 100 units in inventory.What is the total plan cost?
Definitions:
Change Management
The approach to transitioning individuals, teams, and organizations to a desired future state.
Political Support
The backing or endorsement by political figures, parties, or entities, often crucial for gaining legitimation, resources, or favorable conditions.
Transition Management
The process of guiding individuals, teams, or organizations through a series of changes, from one state to another to achieve desired outcomes.
Status Quo
The existing state or condition of affairs, often used in the context of maintaining current situations without change.
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