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Q. A organization needs to develop a level production plan for a family of products. The opening inventory is 100 units; an increase to 130 units is expected by the end of the plan. The demands for each month is given in illustrate what follows. Compute the total production, daily production also production also ending inventory for each month.
Month May June Jul Aug TotalWorking Days 21 19 20 10 70Forecast Demand 115 125 140 150 530Planned Production 168 Planned Inventory 100 153
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Mathematical formulation of the model
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