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Management Studies

Problem:

Given the following information set up the problem in a transportation table and solve for the minimum-cost plan:

PERIOD
	1		2	3
Demand		550	700	750
Capacity
Regular		500	500	500
Overtime		50	50	50
Subcontract		120	120	100
Beginning inventory		100
Costs
Regular time	$	61 per unit
Overtime	$	83 per unit
Subcontract	$	90 per unit
Inventory carrying cost	$	2 per unit per month
Back-order cost	$	3 per unit per month

Suppose that an increase in warehousing costs and other costs brings inventory carrying costs to $2 per unit per month. All other costs and quantities remain the same.

Required:

Determine a revised solution to this transportation problem.

Solve the given numerical problem and illustrate step by step calculation.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91149581

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