Question: Question 1, Problem 13.15 The production planning period for flat-screen monitors at Louisiana's Rao Electronics, Inc., is 4 months. Cost data are as follows: HW

Question 1, Problem 13.15 The production planning

Question 1, Problem 13.15 The production planning period for flat-screen monitors at Louisiana's Rao Electronics, Inc., is 4 months. Cost data are as follows: HW Score: 0%, 0 of 1 point O Points: 0 of 1 Save Regular-time cost per monitor Overtime cost per monitor Subcontract cost per monitor Carrying cost per monitor per month $70 $110 $150 $2 For each of the next 4 months, capacity and demand for flat-screen monitors are as follows: Month 4 2,200 Period Month 1 Month 2 Month 3 Demand 2,000 2,700 1,400 Capacity Regular time 1,600 1,600 750 Overtime 500 100 Subcontract 600 600 600 Factory closes for 2 weeks of vacation. 500 1,700 400 600 CEO Mohan Rao expects to enter the planning period with 400 monitors in stock, Backordering is not permitted (meaning, for example, that monitors produced in the second month cannot be used in the first month to cover first month's demand). Minimizing total cost using the transportation method, the total cost is $ (enter your response as a whole number)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!