Question: can you solve the below problem, the answer 3 1 3 0 0 , not sure how it is possilble? Question 3 The following table
can you solve the below problem, the answer not sure how it is possilble?
Question
The following table provides your current required production schedule per
week:
Assuming your holding costs are $ per unit per week and setup costs are
per run, what are the total costs if you utilize the least total cost method?
Recall that Least total cost method tries to find the set of production that
makes the total holding costs for that production run equal to the setup
costs. Plan out each week's production plan eg week week week
and calculate the total holding costs for each possible production
size. Pick the production plan that gives a holding cost closest to the set
up costs. Repeat for the remaining weeks until there are no more weeks!
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