Question: The demand for a product ( that can be made only in discrete integer numbers ) for the coming three months ( Month - 1

The demand for a product (that can be made only in discrete integer numbers) for the coming three months (Month-1, Month-2 and Month-3) is expected to be 2 units, 3 units and 3 units respectively. The production capacity for the three months are 3 units, 2 units and 3 units respectively. The maximum inventory that can be carried at the end of Month-1, Month-2 and Month-3 are 2 units, 3 units and 2 units respectively. The cost for producing a unit in Month-1 is Rs.175, in Month-2 is Rs.150 and in Month-3 is Rs.200. A holding cost of Rs.30 per unit per period is incurred for items in inventory at the end of Month-1 or at the end of Month-2. However, for Month-3, the holding cost is Rs.40 per unit per period. A dynamic programming approach with an aim of minimize the total cost for satisfying the demand is adopted to solve the problem. Then, if the ending inventory in Month-0 was 1 unit
What is the OPTIMAL TOTAL COST for the problem?

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