Create a Level Plan with a Zero Ending Inventory for the Forecast

question 4

Essay

Create a level plan with a zero ending inventory for the forecast shown in the table. There is no beginning inventory and regular production capacity is 300 units. Overtime costs $15 extra and is limited to 25 units per month and subcontracting is limited to 60 units per month and costs $10 per unit. Back orders cost $50 per unit and there is a cost of $5 per month to hold a unit in inventory. What is the total plan cost above the regular production cost?
$$\begin{array} { | l | c | l | l | l | l | } \hline { \text { Month } } & \text { Forecast } & \text { Regular } & \text { Overtime } & \text { Subcontracting } & \begin{array} { c } \text { Ending } \\\text { Inventory }\end{array} \\\hline \text { January } & 250 & & & & \\\hline \text { February } & 300 & & & & \\\hline \text { March } & 400 & & & & \\\hline \text { April } & 350 & & & & \\\hline\end{array}$$

Grasp the core concept of sociological imagination and its significance.

Recognize sociology’s focus on social relations over individual psychology in explaining behaviors.

Comprehend the impact of social structures and social forces on individual behaviors and societal trends.

Understand the importance of empirical research and evidence in shaping sociological ideas and theories.

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Definitions:

Empower

The act of giving someone the authority or power to do something, enabling them to take action and make decisions.

Team-based Organization

A structural approach where work and processes are organized around groups rather than individual tasks or hierarchies.

Gig Economy

Workers who are involved in some form of freelancing, contracting, often based on outsourcing.

Virtual Teams

Groups of people who work together from different geographical locations, connected by technology such as email, video conferencing, and collaboration software.