How wingtip can minimized the total cost

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Reference no: EM13107384

The Wingtip shoe company forecasts the following demands during the next six months:

month 1, 200
month 2, 260
month 3, 240
month 4, 340
month 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.

 

Reference no: EM13107384

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