The Tots Toys Company is trying to schedule production of two very popular toys for the next three months: a rocking horse and a scooter. Information about both toys is given below. 
Develop a model that would tell the company how many of each toy to produce during each month. You are to minimize total cost. Inventory cost will be levied on any items in inventory on June 30, July 31, or August 31 after demand for the month has been satisfied. Your model should make use of the relationship
Beginning Inventory + Production − Demand = Ending Inventory
for each month. The company wants to end the summer with 150 rocking horses and 60 scooters as beginning inventory for Sept. 1. Don't forget to define your decision variables.
Definitions:
Trademarks
Symbols, names, phrases, logos, or combinations thereof, legally registered or established by use as representing a company or product.
Goodwill
An intangible asset that arises when a company acquires another business for more than the fair value of its net assets, representing the value of the brand, customer base, and other non-physical assets.
Research And Development
Activities related to the innovation and improvement of products and processes.
Legal Fees
Costs incurred for legal services provided by attorneys or law firms to individuals or corporations.
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