The main production costs incurred by a company are: ž supplying a unit of product; ž holding…

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The main production costs incurred by a company are:

ž supplying a unit of product;ž holding stocks;ž every unit of unmet demand;ž amount of overtime used;ž amount of undertime (i.e. normal working time that is not used);ž increase in production rate;ž decrease in production rate.If the immediate objective is to minimize total production costs, how would you formulate this as a linear programme?

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