Daisy also produces Wozac in New York and Chicago. Each month, it can produce up to 30 units in New York and up to 35 units in Chicago. The cost of producing a unit each month at each location is shown in Table 72.
The customer demands shown in Table 73 must be met on time.
The cost of holding a unit in inventory (measured against ending inventory) is shown in Table 74.
table 72
| Cost ($) | |
Month | New York | Chicago |
1 | 8.62 | 8.40 |
2 | 8.70 | 8.75 |
3 | 8.90 | 9.00 |
table 73
Month | Demand (Units) |
1 | 50 |
2 | 60 |
3 | 40 |
table 74
Month | Holding Cost ($) |
1 | 0.26 |
2 | 0.12 |
3 | 0.12 |
At the beginning of month 1, we have 10 units of Wozac in inventory. Determine a cost-minimizing schedule for the next three months.
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