Poseidon Meter, Inc., makes a variety of water meters. Data for the past year indicate a worker can make, on average, 100 meters per four-week period. The forecast for the next four periods is 1200, 1200, 1000, and 1000 meters, respectively. Beginning inventory 0 unitsInitial workforce size 10 workersProduction and costsWages $1,500/worker/periodInventory $1/meter/period (based on average inventory during each period)Back order $2/meter/period (based on back orders at end of period)Hiring $1,000/workerLayoff $2,000/workerDevelop a constant work force plan for the next four periods. Summarize the plan, its costs, and its consequences.
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Poseidon Meter, Inc., makes a variety of water meters. Data for the past year indicate a worker can...
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