An item is manufactured to meet known demand for four periods according to the following data: Unit

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An item is manufactured to meet known demand for four periods according to the following data:

Unit production cost ($) for period Production range (units) 1 2 3 4 1–3 1 2 2 3 4–11 1 4 5 4 12–15 2 4 7 5 16–25 5 6 10 7 Unit holding cost to next period ($) .30 .35 .20 .25 Total demand (units) 11 4 17 29

(a) Find the optimal solution, indicating the number of units to be produced in each period.

(b) Suppose that 30 additional units are needed in period 4. Where should they be produced?

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Operations Research: An Introduction

ISBN: 9352865277

10th Global Edition

Authors: Hamdy A Taha

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Question Posted: Oct 24, 2024 04:00 AM

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An item is manufactured to meet known demand for four periods according to the following data: Unit

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Operations Research: An Introduction

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