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The Wingtip shoe company forecasts the following demands during the next six months:
month 1, 200month 2, 260month 3, 240month 4, 340month 5, 190
It costs $7 to produce a pair of shoes with regular-time labor (RT) and $11 with overtime labor (OT)
During each month regular time production is limited to 200 pairs of shoes, and overtime production is limited to 100 pairs. It costs $1 per month to hold a pair of shoes in inventory.
Determine how Wingtip can minimized the total cost of meeting the next six month's demand on time.
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