Question: Problem 1 ( 2 5 points ) A factory is planning its production for the next. six months. No stock - out is allowed (
Problem points A factory is planning its production for the next. six months. No stockout is allowed ie all demands have to be served in the same period they arrive The factory can use an unlimited amount of overtime. Capacity of regularhour production is units permonth. There is no initial inventory. The cost of carrying one unit of inventory from one month the next. is h The cost of producing a unit overtime is Demands in the next six months are Question: points formulate a linear program model for determining the optimal production plan you can use h as the inventory cost points use whichever method software you are comfortable with to solve the linear program for h and points as h increases, how do the overtime cost, the inventory cost, and the total cost change, and why?
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