Create a minimum cost chase plan for the forecast shown in the table.There is no beginning inventory and regular production capacity is 350 units.Overtime costs $20 extra and is limited to 50 units per month and subcontracting is limited to 100 units per month and costs $15 per unit.Back orders cost $40 per unit and there is a cost of $5 per month to hold a unit in inventory.There is room for only 100 units in inventory.What is the total plan cost?
Definitions:
Diameter
The diameter of a circle is the longest straight line that can be drawn through the center, connecting two points on the circumference.
Height
The measure of vertical distance, either the highest point or the distance from base to top.
Standard Form
A way of writing down very large or very small numbers easily in mathematics, or the general representation of a linear equation as Ax + By = C.
Hyperbola
A smooth curve located in a plane, characterized by its geometric characteristics or by the solutions of equations describing it.
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