Suppose that production planning is to be done for the next 5 months, where the respective demands.. 1 answer below »

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 sched- ule that satisfies the monthly requirements.

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