Ram Roy's firm has developed the following supply, demand, cost, and inventory data. Supply Available Demand Regular Time Period Overtime Subcontract Forecast 1 40 15 5 40 2 35 15 5 60 3 30 15 45 Initial inventory Regular-time cost per unit Overtime cost per unit Subcontract cost per unit Carrying cost per unit per month 20 units $100 $150 $250 $4 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 $ (enter your response as a whole number).
Ram Roy's firm has developed the following supply, demand, cost, and inventory data. Supply Available Demand Regular Time Period Overtime Subcontract Forecast 1 40 15 5 40 2 35 15 5 60 3 30 15 45 Initial inventory Regular-time cost per unit Overtime cost per unit Subcontract cost per unit Carrying cost per unit per month 20 units $100 $150 $250 $4 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 $ (enter your response as a whole number).
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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Transcribed Image Text:Ram Roy's firm has developed the following supply, demand, cost, and inventory data.
Supply Available
Regular
Demand
Period
Time
Overtime
Subcontract
Forecast
1
40
15
40
35
15
60
3
30
15
45
Initial inventory
Regular-time cost per unit
Overtime cost per unit
Subcontract cost per unit
Carrying cost per unit per month
20 units
$100
$150
$250
$4
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 $(enter your response as a whole number).
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