Question: 1 ) Solve the following problem using iso - profit lines or level curves. Min 2 x 1 + 3 x 2 S . t
Solve the following problem using isoprofit lines or level curves.
Min xx
St
x x
xx
xx
xx
x x
has a production capacity of lbs each quarter with a per unit cost of $ per thousand lbs using regular labor,
may have workers work overtime where the per unit cost increases to $ per thousand lbs
incurs a holding cost of $ per thousand lbs at the end of a period.
How many lbs of paint should PCBCo produce to satisfy demand while minimizing total production and inventory costs? Hint: The inventory cost is based on the amount stored at the end of the period!
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