Answer:
Check the explanation
Explanation:
Assumptions:
No inventory at beginning of month
Unlimited capacity
Other costs in production were ignored
Formulate the required Linear Problem:
[tex]X_{t}[/tex] is the number of commodities produced each month during month [tex]t[/tex]
[tex]i_{t}[/tex] is it is the number of commodities on hand at the end of month [tex]t[/tex]
Where, [tex]t[/tex] = 1,2,3,4 for each month in the problem
Thus, the total cost can be obtained in the attached images below