Ram roys firm has developed the following supply demand, Ask an Expert

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Ram? Roy's firm has developed the following? supply, demand,? cost, and inventory data:

PERIOD REGULAR TIME OVERTIME SUBCONTRACT DEMAND FORECAST

1 30 15 10 50

2 35 15 10 50

3 40 20 10 60

INITIAL INVENTORY : 30 UNITS

REGULAR TIME COST PER UNIT: $100

OVER-TIME COST PER UNIT: $160

SUBCONTRACT COST PER UNIT: $250

CARRYING COST PER UNIT PER MONTH: $6

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).

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92184900

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