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Level Production Strategy: Quarter Demand Forecast |liluarluerly Production Workers Needed Workers Hired Workers Fired Hiring Cost Firing Cost...

I do not understand how to do the level production strategy compared to the chase demand strategy. Please help!!

This is a practice problem from my online textbook!!!

Screen Shot 2018-08-01 at 2.48.41 PM.pngScreen Shot 2018-08-01 at 2.48.34 PM.png

Screen Shot 2018-08-01 at 2.48.34 PM.png

Level Production Strategy: Quarter
Demand Forecast |liluarluerly Production
Workers Needed
Workers Hired
Workers Fired Hiring Cost Firing Cost Beginning Inventory
Ending Inventory
Average Inventory
Inventory Holding Cost nun-
main-mim- 4600
____
____
____
____
____
____
____
____
____
____
____
____ Total Cost Using Level Production Strategy: 3;

Screen Shot 2018-08-01 at 2.48.41 PM.png

Use the following demand forecast for the next four quarters, construct a chase demand aggregate plan and a level
production aggregate plan and determine the cost of each plan. Currently there are 10 employees and each employee can produce 200 units per quarter. It costs $500 to hire a new employee and it costs $750 to fire an
employee. It costs $1 to store a unit in inventory for one quarter. —-nn-
—mmlmmm-—

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