Given the following information set up the problem in a transportation table and solve for the minimum cost plan Minimum total cost Demand 550 700 750 Capacity 500 500 500 Regular Overtime 50 50 Subcontract 120 120 100 Beginning inventory 100 Costs S 60 per unit Regular time $ 80 per unit Overtime ...

Given the following information set up the problem in a transportation table and solve for the minimum-cost

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Given the following information set up the problem in a transportation table and solve for the minimum-cost plan:

Demand 550 700 750 Capacity 500 500 500 Regular Overtime 50 50 Subcontract 120 120 100 Beginning inventory 100 Costs S 6

Minimum total cost?

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The given data is as follows Cost per unit Regular time 60 Overtime cost 80 Subcontract cost 90 hold...View the full answer

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Fundamentals of Investments, Valuation and Management

ISBN: 978-1259720697

8th edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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Question Posted: Feb 16, 2018 07:03 AM

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Given the following information set up the problem in a transportation table and solve for the minimum-cost

Question:

Demand 550 700 750 Capacity 500 500 500 Regular Overtime 50 50 Subcontract 120 120 100 Beginning inventory 100 Costs S 60 per unit Regular time $ 80 per unit Overtime $ 90 per unit Subcontract $ 1 per unit per month Inventory carrying cost Back-order cost S| 3 per unit per month

Step by Step Answer:

The given data is as follows Cost per unit Regular time 60 Overtime cost 80 Subcontract cost 90 hold...View the full answer

Fundamentals of Investments, Valuation and Management

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