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(Solved): ). Ram Roy's firm has developed the following supply. demana, cost, and inventory data. Al ...
). Ram Roy's firm has developed the following supply. demana, cost, and inventory data. Allocate production capacity to meet demand at a minimum cost using the transportation method. What is the cost? Assume that the initial inventory has no holding cost in the first period and backorders are not permitted. Supply Available
Expert Answer
Solution:- Here, according to the question given we have to minimize the costs of supply for the overall demand. Given that :- Total demand forecast o