Question: Using Matlab, create a cvx code using the least unit cost heuristic method for the following problem: The demand over the six-month horizon is (20,40,50,30,10,30).
The demand over the six-month horizon is (20,40,50,30,10,30). The order setup cost is $100, if the order is placed in the first three months, and the order setup cost is $150 if the order is placed in the last three months. The holding cost per unit per month is $2. Demand (D)=(20,40,50,30,10,30) Holding Cost(H)=$2 Setup Cost (A)=$100 first 3 months or $150 last 3 months
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
