A shoe company forecasts the following demands during the next six months: month 1—200; month2—260; month 3—240; month 4—340; month 5—190; month 6—150. It costs $7 to produce a pair ofshoes with regular-time labor (RT) and $11 with overtime labor (OT). During each month, regularproduction is limited to 200 pairs of shoes, and overtime production is limited to 100 pairs. It costs $1per month to hold a pair of shoes in inventory.a) Formulate a balanced transportation problem by stating the rules.b) Minimize the total cost of meeting the next six months of demand on time by using differentmethods available and compare the results.
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