The following information relates to a company's aggregate production planning activities:
Beginning Workforce = 35 workers
Production per Employee = 1,250 units per quarter
Hiring Cost = $500 per worker
Firing Cost = $1,000 per worker
Inventory Carrying Cost = $20 per unit per quarter
If a chase demand strategy is used then the number of workers hired at the start of quarter 2 is
Definitions:
Spot Market
A public financial market in which commodities or financial instruments are traded for immediate delivery and payment.
Bulk Sales
Transactions involving large quantities of goods, often at a discount.
Barbecue Sauce
A flavoring sauce used as a marinade, basting, or topping for meat cooked in the barbecue cooking style.
Demand Variability
Fluctuations in customer demand over time, affecting supply chain, inventory levels, and production planning.
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