Supply-demand and cost and inventory data

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Reference no: EM13842382

Josie Gall's firm has developed the following supply, demand, and cost and inventory data.

Period reg. time OT subcont. Demand forecast

1 30 15 10 40

2 35 15 10 50

3 30 20 10 50

intial invt. = 20 units

reg time cost per unit = $100

OT cost per unit $150

Subcont cost per $250

Carrying cost per unit per month $2

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 $?

Reference no: EM13842382

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