Develop the minimum cost aggregate production plan

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A small company produces a variety of recreational and leisure vehicles. The sales & marketing manager has developed the following aggregate forecasts: Month Mar Apr May Jun Jul Aug Sep Forecast 50 44 55 80 70 40 50 Use the following information: Regular labour cost $240 per unit Overtime labour cost $360 per unit Subcontracting cost $400 per unit Regular capacity 50 units per month Overtime capacity 8 units per month Holding cost $30 per unit per month Backorder cost $100 per unit per month Beginning inventory 0 units Desired ending inventory 0 units

Question 1: Develop the minimum cost aggregate production plan and compute its total cost

Reference no: EM132566898

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