Answered: Determine the production cost each…

Name: The company has data on demand and factory capacity for the next 4 mon
Uploaded: 2024-03-20T07:07:26.000Z
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Description: The company has data on demand and factory capacity for the next 4 months as in the table. Unit cost with regular time $ 24, overtime cost $ 28, on subcontract $ 34. Storage costs $ 2 per unit per month; backorders cost $ 5 per unit per month. Initia

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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The company has data on demand and factory capacity for the next 4 months as in the table. Unit cost with regular time $ 24, overtime cost $ 28, on subcontract $ 34. Storage costs $ 2 per unit per month; backorders cost $ 5 per unit per month. Initial inventory is as many as 120 units, and it is expected that by the end of July there will be an inventory of 100 units.

	April	May	June	July
Demand	460	450	480	480
Regular Capacity	370	370	380	380
Overtime Capacity	60	60	60	60
Subcontract Capacity	30	30	30	30

Use the transportation method to optimize the aggregate plan. Determine the production cost each month and the total cost for 4 months

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