Answered: For the next four months, the following…

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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Question

For the next four months, the following demands are expected: 500, 650, 1000 and 700 units. Unit production costs are $50, $80, $40 and $70 during the next four months respectively. For the first three months, a $20 per unit storage cost is assessed on each month’s ending inventory. Any units on hand at the end of month 4 can be sold for $40 per unit.

Using Microsoft's SolverTable add-in, determine what happens to the decision variables and total cost when the unit production cost of month 2 varies from $30 to $150 in increments of $10.

Expert Solution

Step 1

Steps to be followed:

1. Arrange the data in tabulated form:

Month	1	2	3	4
Production Cost/Unit	$50	$80	$40	$70
Demand	500	650	1000	700

All units that are available in inventory are sold at $60 at the end of month 4.

Therefore, required condition is as follows:

$U n i t s i n h a n d > = D e m a n d$

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