Given the following information set up the problem in a transportation table and solve for the minimum-cost plan: PERIOD 2 700 Demand Capacity Regular Overtime Subcontract Beginning inventory Costs Regular time Overtime Subcontract Inventory carrying cost Back-order cost 550 500 50 120 100 $60 per unit $80 per unit $90 per unit 500 50 120 $1 per unit per month $3 per unit per month 3 750 440 50 100 Suppose the inventory carrying cost has just increased and is now $2 per unit per period. Compute the total cost for the original transportation model with $1 inventory carrying cost, and the new total cost at $2 carrying cost. What is the additional cost in ($) for the optimal plan?

Given the following information set up the problem in a transportation table and solve for the minimum-cost plan: PERIOD 2 700 Demand Capacity Regular Overtime Subcontract Beginning inventory Costs Regular time Overtime Subcontract Inventory carrying cost Back-order cost 550 500 50 120 100 $60 per unit $80 per unit $90 per unit 500 50 120 $1 per unit per month $3 per unit per month 3 750 440 50 100 Suppose the inventory carrying cost has just increased and is now $2 per unit per period. Compute the total cost for the original transportation model with $1 inventory carrying cost, and the new total cost at $2 carrying cost. What is the additional cost in ($) for the optimal plan?

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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Question

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Given the following information set up the problem in a transportation table and solve for the minimum-cost plan:
PERIOD
2
700
Demand
Capacity
Regular
Overtime
Subcontract
Beginning inventory
Costs
Regular time
Overtime
Subcontract
Inventory carrying cost
Back-order cost
1
550
500
50
120
100
$60 per unit
$80 per unit
$90 per unit
500
50
120
$1 per unit per month
$3 per unit per month
3
750
440
50
100
Suppose the inventory carrying cost has just increased and is now $2 per unit per period. Compute the total cost
for the original transportation model with $1 inventory carrying cost, and the new total cost at $2 carrying cost.
What is the additional cost in ($) for the optimal plan?

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