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Business, 17.04.2020 00:21 xwalker6772
A customer requires during the next four months, respectively, 50,65,100 and 70 units of a commodity (no backlogging is allowed). Production costs are $5, $8, $4 and $7 per unit during these months. The storage cost from one month to the next is $2 per unit (assessed on ending inventory). It is estimated that each unit on hand at the end of the month 4 could be sold for $6. Formulate an LP that will minimize the net cost incurred in meeting the demands of the next four months.
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A customer requires during the next four months, respectively, 50,65,100 and 70 units of a commodity...
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