Home Essay Help Service The Budget Company has just signed a contract with Canvio and has the following demand for the following quantity of widgets

The Budget Company has just signed a contract with Canvio and has the following demand for the following quantity of widgets

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January 12th, 2018

The Budget Company has just signed a contract with Canvio and has the following demand for the following quantity of widgets by quarter during the next year:Quarter 1: 10,000Quarter 2: 20,000Quarter 3: 18,000Quarter 4: 12,000A level workforce is required for the year. The company can rely on inventory to meet demand but stockouts, backorders, outsourcing, overtime and undertime are not allowed.Determine the quarterly production rate required to meet the total demand for the year while minimizing the inventory left over at the end of the year. The beginning inventory is zero.

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