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During the next five periods, the demands listed in the excel template file must be met on time. At the beginning of period 1, the inventory level is 1000. During each period when production occurs, a setup cost of $10,000 and a per-unit production cost of $45 are incurred. At the end of each period, a per-unit holding cost of $5 is incurred. Determine the cost-minimizing production schedule. Assume that there is no capacity limit for this production line.

During the next five periods, the demands listed in the excel template file must be met on time. At the beginning of period 1, the inventory level is 1000. During each period when production occurs, a setup cost of $10,000 and a per-unit production cost of $45 are incurred. At the end of each period, a per-unit holding cost of $5 is incurred. Determine the cost-minimizing production schedule. Assume that there is no capacity limit for this production line.

Practical Management Science
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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During the next five periods, the demands listed in the excel template file must be met on time. At the beginning of period 1, the inventory level is 1000. During each period when production occurs, a setup cost of $10,000 and a per-unit production cost of $45 are incurred. At the end of each period, a per-unit holding cost of $5 is incurred. Determine the cost-minimizing production schedule. Assume that there is no capacity limit for this production line.
Transcribed Image Text:During the next five periods, the demands listed in the excel template file must be met on time. At the beginning of period 1, the inventory level is 1000. During each period when production occurs, a setup cost of $10,000 and a per-unit production cost of $45 are incurred. At the end of each period, a per-unit holding cost of $5 is incurred. Determine the cost-minimizing production schedule. Assume that there is no capacity limit for this production line.
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