Briefly discuss the advantages and disadvantages of each of these planning strategies: a. Maintain a level rate of output and let inventories absorb fluctuations in demand. b. Vary the size of the workforce to correspond to predicted changes in demand requirements. c. Maintain a constant workforce size, but vary hours worked to correspond to predicted demand requirements

Briefly discuss the advantages and disadvantages of each of these
planning strategies:

a.      Maintain a level rate of output and let inventories
absorb fluctuations in demand.

b. Vary the size of the workforce to correspond to predicted changes
in demand requirements.

c.    Maintain a constant workforce size, but vary hours worked to
correspond to predicted demand requirements