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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 =
1 if an order is placed at the start of period t
0 otherwise
for
t =1,2,3,...,12.
Min
(x1+ x2+...+ x12)
+
(H1+ H2+...+ H12)
+
(Y1+ Y2+...+ Y12)

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