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A small computer manufacturing company forecasts the demand over the next n months to be di, i = 1, 2, . . . , n.
A small computer manufacturing company forecasts the demand over the next
n months to be di, i = 1, 2, . . . , n. In any month it can produce r units, using
regular production, at a cost of b dollars per unit. By using overtime, it can
produce additional units at c dollars per unit, where c > b. The firm can store
units from month to month at a cost of s dollars per unit per month. Formulate
the problem of determining the production schedule that minimizes cost. (Hint:
See Exercise 9.)
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