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A manufacturing firm needs to schedule the monthly production of two seasonal items for the next 6 months. The unit production cost of Item A
A manufacturing firm needs to schedule the monthly production of two seasonal items for the next months. The unit production cost of Item A is estimated to be $ for the first months, S for the third and fourth months, and $ for the last two $ for the first re units, and the monthly demands for Item B are e firm can produce a maximum of units per month. Excess production can be stored from one month to the next at a cost of $ per unit, but a maximum of total units can be stored in any given month. Assuming that begin ning inventory levels are zero, how should the production be scheduled so as to months. The unit production cost for Item B is estimated to be months and $ for the last months. The monthly demands for Item A a units. Th minimize the total costs?
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