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A company faces the following demands during the next three weeks:
Week 1, 20 units
Week 2: 10 units
Week 3, 15 units
The unit production costs during each week are as follows: week 1, $10; week 2, $11; week 3, $15. A holding cost of $2 per unit is assessed against each week’s ending inventory. At the beginning of week 1, the company has five units on hand. No backlog is allowed in any week. Determine how to minimize the cost of meeting the demand for the next three weeks. Please solve in excel.
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