Immersive Reader 13.04.2 Closed ASS 0-100 Assignment Suppose we are producing telephones. Our regular monthly production capacity is limited with 2500 phones. Overtime production is possible but it is limited with 700 phones per month Unit cost is $40 for phones produced during regular production hours and $50 for those produced on an overtime basis. Next five months demands are given in the following table and we have to meet those demands on time: Month Demand 1 1500 2 2500 3500 4 4000 4500 3 5 Inventory holding cost is $10 for keeping one phone for a month. At the beginning of first month, we have 200 phones available in our stock. We do not want any leftover inventory at the end of fifth month. Formulate an LP model that minimizes the total production and inventory costs. (Just LP model please (decision variables, objective and constraints), not excel implementation!!) Answer assignment >> Collapse