Ram Roy's firm has developed the following supply, demand, cost, and inventory data. Supply Available Period 1 2 3 Regular Time 40 35 30 Overtime 15 15 20 Subcontract 10 10 10 30 units $100 $150 $250 $6 Demand Forecast 50 65 50 Initial inventory Regular-time cost per unit Overtime cost per unit. Subcontract cost per unit Carrying cost per unit per month Assume that the initial inventory has no holding cost in the first period and backorders are not permitted. Allocating production capacity to meet demand at a minimum cost using the transportation method, the total cost is $ (enter your response as a whole number).

Ram Roy's firm has developed the following supply, demand, cost, and inventory data. Supply Available Period 1 2 3 Regular Time 40 35 30 Overtime 15 15 20 Subcontract 10 10 10 30 units $100 $150 $250 $6 Demand Forecast 50 65 50 Initial inventory Regular-time cost per unit Overtime cost per unit. Subcontract cost per unit Carrying cost per unit per month Assume that the initial inventory has no holding cost in the first period and backorders are not permitted. Allocating production capacity to meet demand at a minimum cost using the transportation method, the total cost is $ (enter your response as a whole number).

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter10: Introduction To Simulation Modeling

Section10.5: Introduction To @risk

Problem 19P: In Problem 12 of the previous section, suppose that the demand for cars is normally distributed with...

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Explain what is the definition of a deterministic inventory model ? When is it appropriate to use ?
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Morgan Stokes, a division 3 collegiate volleyball player, wears a lot of athletic apparel such as shorts, yoga pants, tights, and tops. She loves having the latest styles and colors but likes to save money too. Morgan has discovered that she can purchase the top quality brands such as Nike and Under Armour at Academy Sports + Outdoors. The store is not as large as Dick’s Sporting Goods, but Morgan believes the selection, price point, and level of quality is very competitive. She enjoys purchasing name-brand items at 25% to 30% savings compared to Dick’s Sporting Goods. Which of the following best describes Morgan and her selection of Academy as her preferred store for sports apparel? Morgan Stokes, a division 3 collegiate volleyball player, wears a lot of athletic apparel such as shorts, yoga pants, tights, and tops. She loves having the latest styles and colors but likes to save money too. Morgan has discovered that she can purchase the top quality brands such as Nike and…
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