Question: Q . 4 ( 2 5 Points ) An electronics firm has a contract to deliver the following number of radios during the next three
Q PointsAn electronics firm has a contract to deliver the following number of radios during the next three months;month radios; month radios; month radios. For each radio produced during months and a $ variable cost is incurred; for each radio produced during month a $ variable cost isincurred The inventory cost is $ for each radio in stock at the end of a month. The cost of setting upfor production is $ the maximum quantity to be produced is units per month, and the maximumstorage capacity is units.Radios made during a month may be used to meet demand for that month or any future month. Assumethat production during each month must be a multiple of Given that the initial inventory level is units, use dynamic programming to determine an optimal production schedule.
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