Question: *****SHOW IN EXCEL SOLVER****** A customer requires during the next four months 50, 65, 100, and 70 units of a commodity respectively. Production costs are

*****SHOW IN EXCEL SOLVER******

A customer requires during the next four months 50, 65, 100, and 70 units of a commodity respectively. Production costs are $5, $8, $4, and $7 per unit during these months. Storage cost per unit is $2 and is calculated on the ending inventory. What is the minimum net cost (inventory + production) incurred in meeting the demands of the next four months?

Hint: I1 Inventory at the end of month 1 m1 Number of units produced in month 1 I1 = ? + m1 ?

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