Question: 1. A) (15 marks) Given the following data, find the minimal cost production plan for the next 3 periods. Initial inventory is 50 units and

1. A) (15 marks) Given the following data, find
1. A) (15 marks) Given the following data, find the minimal cost production plan for the next 3 periods. Initial inventory is 50 units and final inventory is desired to be 75 units. Fill in the TWO TABLES below. Indicate cost in parentheses() period 2 13 Capacity 350 300 350 Demand 200 300 400 Production Cost 10 11 12 Holding cost 2 2 2 1 2 period 1 3 2 3 Production Plan: Cost: production inventory Period 1 2 3 b) (15 marks) Let us now assume that overtime is available for these 3 periods: overtime capacity is 90, 90 and 75 in period 1, 2 and 3; and, overtime costs are $13,514 and $ 12.5 for the three periods respectively. Resolve the problem using this option as well. Calculate costs for parts (a) and (b). Which one is better? Fill in the TWO TABLES BELOW. 1 3 period 1 1 2 ) ) 3 Production Plan: Cost: production inventory Period 1 2 3

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