Optimization and Scheduling for Production and Inventory Management: A Case Study in Transportation and Master Production Scheduling

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award: Problem 11 - 14 Given the following information set up the problem in a transportation table and solve for the minimum - cost plan: (Omit the "$" sign in your response.) Regular time $ 60 per unit Overtime $ 80 per unit Subcontract $ 90 per unit Inventory carrying cost $ 1 per unit per month Back - order cost $ 3 per unit per month Minimum total cost $ 124,730 Explanation: Optimization and Scheduling for Production and Inventory Management: A Case Study in Transportation and Master Production Scheduling Name: Professor: University attached: Problem 11 - 14 Given the following information set up the problem in a transportation table and solve for the minimum - cost plan: (Omit the "$" sign in your response.) 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 $ 60 per unit Overtime $ 80 per unit Subcontract $ 90 per unit Inventory carrying cost $ 1 per unit per month Back - order cost $ 3 per unit per month Minimum total cost $ 125,344 Answer: Instructor explanation Answer 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
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