Question: PLEASE SHOW HOW TO DO IT STEP-BY-STEP , THANKS IN ADVANCE! Ram Roy's firm has developed the following supply, demand, cost, and inventory data. Period

PLEASE SHOW HOW TO DO IT STEP-BY-STEP , THANKS IN ADVANCE!
Ram Roy's firm has developed the following supply, demand, cost, and inventory data. Period Regular Time 30 Supply Available Demand Overtime Subcontract Forecast 15 15 40 15 15 20 15 60 1 35 55 2 3 40 Initial inventory 20 units Regular-time cost per unit $100 Overtime cost per unit $150 Subcontract cost per unit $250 Carrying cost per unit per month $6 Assume that the initial inventory has no holding cost in the first period and backorders are not permitted. Allocating production capacity to meet demand at a minimum cost using the transportation method, the total cost is $ response as a whole number). (enter yourStep by Step Solution
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