Jerusalem Medical Ltd., an Israeli producer of portable kidney dialysis units and other medical products, develops a 4-month aggregate plan. Demand and capacity (in units) are forecast as follows: Capacity Source Month 1 Month 2 Month 3 Month 4 Labor Regular time 245 275 280 300 Overtime 15 24 26 28 Subcontract 12 17 20 15 Demand 260 316 316 305 The cost of producing each dialysis unit is $985 on regular time, $1,310 on overtime, and $1,600 on a subcontract. Inventory carrying cost is $100 per unit per month. There is to be no beginning or ending inventory in stock and backorders are not permitted. Minimizing cost using the transportation method, the optimal cost is $nothing (enter your response as a whole number).

Jerusalem Medical Ltd., an Israeli producer of portable kidney dialysis units and other medical products, develops a 4-month aggregate plan. Demand and capacity (in units) are forecast as follows: Capacity Source Month 1 Month 2 Month 3 Month 4 Labor Regular time 245 275 280 300 Overtime 15 24 26 28 Subcontract 12 17 20 15 Demand 260 316 316 305 The cost of producing each dialysis unit is $985 on regular time, $1,310 on overtime, and $1,600 on a subcontract. Inventory carrying cost is $100 per unit per month. There is to be no beginning or ending inventory in stock and backorders are not permitted. Minimizing cost using the transportation method, the optimal cost is $nothing (enter your response as a whole number).

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter5: Network Models

Section5.3: Assignment Models

Problem 14P

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Concept explainers

Introduction to service marketing

Organizations that provide products or products to their consumers use service marketing to enhance brand recognition and revenue. In contrast to product marketing, service marketing promotes intangible transactions that add value to clients. Advertisers utilize efficient service marketing methods to gain client trust and demonstrate how their product may benefit them. Service marketing is interaction and value-based marketing.

Question

Jerusalem Medical Ltd., an Israeli producer of portable kidney dialysis units and other medical products, develops a 4-month aggregate plan. Demand and capacity (in units) are forecast as follows:

Capacity Source	Month 1	Month 2	Month 3	Month 4
Labor
Regular time	245	275	280	300
Overtime	15	24	26	28
Subcontract	12	17	20	15
Demand	260	316	316	305

The cost of producing each dialysis unit is

$985

on regular time,

$1,310

on overtime, and

$1,600

on a subcontract. Inventory carrying cost is

$100

per unit per month. There is to be no beginning or ending inventory in stock and backorders are not permitted.

Minimizing cost using the transportation method, the optimal cost is

$nothing

(enter your response as a whole number).

Leveraging special tenchniques in analyzing historical data to predict future trends. Forecasting covers the methods and types of forecasting and their application to case studies.

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