Question: Solve the following problem following a No-setup EOQ Model the unit production and holding costs are as given in the following tables: Period i regular

  1. Solve the following problem following a No-setup EOQ Model the unit production and holding costs are as given in the following tables:

Period i

regular time

unit cost ($)

overtime

unit cost ($)

unit holding cost ($)

to period i +1

1

$5

$7.50

$0.25

2

$3

$8.50

$0.15

3

$4

$7.50

$0.10

4

$5

$8.50

$0.25

5

$3

$7.50

$0.15

6

$4

$8.50

$0.10

Period i

Capacity (regular)

Capacity (overtime)

Demand

1

90

45

100

2

100

50

200

3

120

50

180

4

120

50

220

5

110

45

150

6

90

40

100

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