The demands for next four months are given by r$1=20,$ r$2=50,$ r$3=10,$ r$4=50.$ The set up cost is Rs$.100$ per set up$.$ The production cost is Rs$.10$ per unit and the monthly holding cost is $10\%$ of the unit production cost. Determine the optimal production schedule satisfying the given demand.

Answer rating: 100% (QA)

In this problem youre looking for an optimal production schedule that satisfies demand for the next four months This involves balancing the costs of s... View the full answer