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Unformatted text preview: that there is a holding cost of .5 M$ for every transformer in inventory at the end of the month, but there is also a 3M$ setup cost for every month in which a unit is produced. It costs 1M$ to manufacture one transformer. There is enough storage space to hold up to 4 units, and sufficient production capacity to produce up to 5 units. What is the optimal production schedule?...
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This note was uploaded on 07/10/2011 for the course MIE 376 taught by Professor Daniel during the Spring '11 term at University of Toronto- Toronto.
- Spring '11