The beginning and ending annual inventory is allowed unit, Operation Management

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The beginning and ending annual inventory is allowed unit

The forecasted demand is 1500, 1600, 1300, 1100, for quarters 1,2,3,4, respectively. The beginning and ending annual inventory is allowed, unit carrying cost of $2/item/quarter, hiring cost is $92/worker, firing cost is $84/worker, and the labor standard is 6.5 hours/unit. What is the minimum cost of the optimal production plan where the total annual cost consists of carring, hiring, and firing?

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Operation Management: The beginning and ending annual inventory is allowed unit

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