OPIM621 Decision Models & Uncertainty Solution to Final Exam Fall 2008 Page 1 of 6 Department of Operations and Information Management OPIM 621: Decision Models & Uncertainty Fall 2008 Solution to Final Examination 1. Foresight Co. (15 points) a. (2 points) Under the optimal plan, the total production cost in May is… (x) $163,875 The total production cost in May is ($17.25)*(9,500) = $163,875. b. (4 points) Foresight has discovered that its inventory costs will be higher in February…
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