Ram Roy's firm has developed the following supply, demand, cost, and inventory data.
Supply Available | ||||
Period | Regular Time | Overtime | Subcontract | Demand Forecast |
1 | 40 | 15 | 5 | 40 |
2 | 30 | 15 | 5 | 60 |
3 | 40 | 15 | 5 | 55 |
Initial inventory | 20 units |
Regular-time cost per unit | $100 |
Overtime cost per unit | $160 |
Subcontract cost per unit | $250 |
Carrying cost per unit per month | $4 |
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
$nothing
(enter your response as a whole number).
.
Set up Transportation model in Excel as follows:
EXCEL FORMULA:
Parameter table contains only values, not formulas.
Set up Solver Parameters as follows:
Click Solve to generate the solution.
Values appear automatically in variable cells ($I$3:$L$6,$J$7:$L$9,$K$10:$L$12)
Result is following:
.
Optimal production plan is following:
Period | P 1 | P 2 | P 3 |
Regular | 40 | 30 | 40 |
Overtime | 0 | 10 | 15 |
Subcontract | 0 | 0 | 0 |
Ending Inventory | 20 | 0 | 0 |
Total cost = $ 15,080
.
ANSWER: 15,080
.
.
Ram Roy's firm has developed the following supply, demand,cost, and inventory data
Ram Roy's firm has developed the following supply, demand, cost, and inventory data Supply Available Regular Time 30 30 40 Demand Period Overtime Subcontract Forecast 15 15 20 40 45 60 Initial inventory Regular-time cost per unit Overtime cost per unit Subcontract cost per unit Carrying cost per unit per month 20 units $100 $150 $200 $6 Assume that the initial inventory has no holding cost in the first period and backorders are not permitted Allocating production capacity to meet...
Ram Roy's firm has developed the following supply, demand, cost, and inventory data. Supply AvailablePeriodRegular TimeOvertimeSubcontractDemand Forecast130151040230151050330151045Initial inventory20unitsRegular-time cost per unit$100Overtime cost per unit$150Subcontract cost per unit$250Carrying cost per unit per month$4Assume 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 ____(enter your response as a whole number).
Ram Roy’s firm has developed the following supply, demand, cost, and inventory data. Allocate production capacity to meet demand at a minimum cost using the transportation method. What is the cost? Assume that the initial inventory has no holding cost in the first period and backorders are not permitted.Initial Inventory 20 UnitsRegular Time cost per unit $100Overtime cost per unit $160Sub contract cost per unit $250Carrying cost per unit per month $6Supply TablePeriodRegular TimeOvertimeSubcontractDemand Forecast130155402301554534015555
Ram Roy's firm has developed the following supply, demand, cost, and inventory data. Supply AvailablePeriodRegular TimeOvertimeSubcontractDemand Forecast130151040235151055330201050Initial inventory20 unitsRegular-time cost per unit$100Overtime cost per unit$160Subcontract cost per unit$200Carrying cost per unit per month$2Assume 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 $enter your response here (enter your response as a whole number).
Ram Roy's firm has developed the following supply, demand, cost, and inventory data.
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