The personnel department of the A&M Corporation want how many workers will be needed each month for the next six-month production period. The following is monthly demand forecast for the six-month period.
Month Forecast Demand
The inventory 0n hand at the end of June was 500 unites. The company wants to maintain a minimum inventory of 300 unites each month and would like to have 400 unites on hand at the end of December. Each unite requires five employee-hours to produce there are 20 working days each month, and each employee workers an eight-hour day. The workforce at the end of June was 35 workers.
a. Determine a minimum inventory production plan(i.e. one that allows arbitrary miring and firing)
b. Determine the production plan that meets demand but does not hire or fire workers during the six-month period.