Question: Problem 4 ( 2 0 points ) A company knows that demand for a product for the next 4 months is: At the beginning of
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A company knows that demand for a product for the next months is:
At the beginning of each month the company decides how many units to produce. During a month in which any units are produced there is a setup cost of $ In addition, there is a variable cost of $ per unit produced. At the end of each month there is a holding cost of $ per unit. Determine the optimal production schedule.
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