3 A shoe company forecasts the following demands during the next six months: month 1200; month 2260;

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3 A shoe company forecasts the following demands during the next six months: month 1—200; month 2—260; month 3—240; month 4—340; month 5—190; month 6—150. It costs $7 to produce a pair of shoes with regular-time labor

(RT) and $11 with overtime labor (OT). During each month, regular production is limited to 200 pairs of shoes, and

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overtime production is limited to 100 pairs. It costs $1 per month to hold a pair of shoes in inventory. Formulate a balanced transportation problem to minimize the total cost of meeting the next six months of demand on time.

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