Please develop the optimum dynamic programming solution for a problem covering 3 months of operation The data for the problem are presented in the table below Note that the beginning inventory in January is one unit What is the second best solution for the same Answer Production and Inventory Control Problem Data Capacity Cost Per Unit Month Demand Production Storage Production Holding January 2 3 2 $175 $30 February 3 2 3 150 30 March 3 3 2 200 40 The Beginning inventory for January is one unit

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Question: Please develop the optimum dynamic programming solution for a problem covering 3 months of operation. The data for the problem are presented in the table

Please develop the optimum dynamic programming solution for a problem covering 3 months of operation. The data for the problem are presented in the table below. Note that the beginning inventory in January is one unit. What is the second-best solution for the same?

Answer:

Production and Inventory Control Problem Data
		Capacity		Cost Per Unit
Month	Demand	Production	Storage	Production	Holding
January	2	3	2	$175	$30
February	3	2	3	150	30
March	3	3	2	200	40
The Beginning inventory for January is one unit

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