SUBJECT: PRODUCTION MANAGEMENT

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TIME 10 10 A company wants to plan production for QUARTER WISE PRODUCTION the ensuing year so as to minimize the QUARTER REGULAR OVER combined cost of production and storage. TIME 1 80 In each quarter of the year demand is 2 90 anticipated to be 65, 80,135 & 75 units 3 95 20 respectively. The product can be 70 10 manufactured during regular time at a cost of Rs. 16 per unit or during overtime at a cost of Rs.20 per unit. The cost of carrying inventory for one unit per quarter is rs.2. The inventory at the beginning of the first quarter is zero and the production capacity quarter-wise is given. 4