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In: Operations Management

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 $ _____?

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Expert Solution

keosha answered 1 year ago
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