Ram? Roy's firm has developed the following? supply, demand,? cost, and inventory data. Supply Available Period...

Ram? Roy's firm has developed the following? supply, demand,? cost, and inventory data.

Supply Available
Period	Regular Time	Overtime	Subcontract	Demand Forecast
1	30	15	5	50
2	35	15	5	50
3	40	20	5	60

Initial inventory	30 units
Regular-time cost per unit	$100
Overtime cost per unit	$150
Subcontract cost per unit	$250
Carrying cost per unit per month	$44

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 $ _____?

Expert Solution

keosha answered 1 year ago

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