Question: Given the following information set up the problem in a transportation table and solve for the minimum-cost plan: PERIOD 1 2 3 Demand 550 700

Given the following information set up the problem in a transportation table and solve for the minimum-cost plan:

PERIOD 1 2 3

Demand 550 700 750

Capacity Regular 500 500 500

Overtime 50 50 50

Subcontract 120 120 100

Beginning inventory 100

Costs Regular time $ 60 per unit Overtime $ 80 per unit Subcontract $ 90 per unit Inventory carrying cost $ 1 per unit per month Back-order cost $ 3 per unit per month

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!