Question
Ram Roy's firm has developed the following supply, demand, cost, and inventory data. Supply Available Regular Period Time Overtime Subcontract Demand Forecast 1 30
Ram Roy's firm has developed the following supply, demand, cost, and inventory data. Supply Available Regular Period Time Overtime Subcontract Demand Forecast 1 30 15 2 35 15 3 40 15 555 5550 Initial inventory Overtime cost per unit Subcontract cost per unit 30 units Regular-time cost per unit $100 $150 $250 Carrying cost per unit per month $2 Assume that the initial inventory has no holding cost in the first period and backorders are not permitted. Allocating production capacity to meet demand at a minimum cost using the transportation method, the total cost is $ (enter your response as a whole number).
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