The optimal production schedule that satisfies the monthly

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Reference no: EM131105132

Suppose that production planning is to be done for the next 5 months, where the respective demands are r₁ = 2, r₂ = 4, r₃ = 2, r₄ = 2, and r₅ = 3. The setup cost is $4,000, the unit production cost is $1,000, and the unit holding cost is $300. Use the deterministic periodic-review model to determine the optimal production schedule that satisfies the monthly requirements.

Reference no: EM131105132

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