The seymore manufacturing company has developed the following demand forecast for the next year. Quarter 1 Quarter 2 Qua

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The seymore manufacturing company has developed the following
demand forecast for the next year.
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Demand - 5,000 10,000 8,000 2,000 respectively
At the beginning of January 1, there are 1000 units of on-hand
inventory. Other data available with the firm are: Hiring cost
per employee = Rs. 200; Firing cost per employee = Rs. 400;
Beginning workforce = 60 employees; Inventory carrying cost = Rs. 2
per unit per quarter of end inventory; Stockout cost (S)= Rs. 5 per
unit; Regular payroll = Rs. 1200/- per employee per quarter;
Overtime cost = Rs. 2 per unit; and each employee can produce
100 units per quarter.
 Develop supply chain aggregate production model for the
above situation (Hint: You can use variables H, F, W, I, O, X, S
for hiring, firing, workforce, inventory carried, overtime
production, regular time production and stockouts,
respectively).
 What would be the quarterly production and cost, if
stockout is considered?
 What would be the quarterly production and cost, if
stockout is NOT considered?