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Formulate a model to minimize the total cost ( in $ ) of satisfying Morgan Inc. ' s demand for this component. Let xt =
Formulate a model to minimize the total cost in $ of satisfying Morgan Inc.s demand for this component.
Let xt amount
to order at the start of period t
Ht amount
to hold in inventory at the end of period t and
Yt
if an order is placed at the start of period t
otherwise
for
t
Min
x x x
H H H
Y Y Y
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