Ram Roy's fim has developed the following supply, demand, cost, and inventory data.Supply AvailableRegularTime30DemandForecast50PeriodOvertime Subcontract151523515155540201560Initial inventoryRegular-time cost per unitOvertime cost per unitSubcontract cost per unitCarrying cost per unit per month30 units$100$160$200$2Assume that the initial inventory has no holding cost in the first period and backorders are not permitted.Allocating production capacity to meet demand at a minimum cost using the transportation method, the total cost is $ (enter your response as a whole number).

Answered: Image /qna-images/answer/045ea4ad-9c76-4767-94c4-3aabdf1ac087.jpg

Answered: Carrying cost per unit per month $2…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Carrying cost per unit per month $2 Assume that the initial inventory has no holding cost in the first period and backorders are not permitted. Allocating production capacity to meet demand at a minimum cost using the transportation method, the total cost is $ (entor your response as a whole number