Course Solutions Uncategorized (Answered) : PROBLEM # 3-(15 POINTS) TANCO is a manufacturing company that produces water tanks. The company wants to schedule production over

(Answered) : PROBLEM # 3-(15 POINTS) TANCO is a manufacturing company that produces water tanks. The company wants to schedule production over

PROBLEM # 3-(15 POINTS) TANCO is a manufacturing company that produces water tanks. The company wants to schedule production over the next four months. Demand for their water tanks is expected as follows: PRIVATE January FebruaryMarchApril Month Demand (Units) 20 15 19 24 Regular time capacity is 17 units per month. By using overtime, an additional 5 units can be produced per month. A tank produced on regular time costs $400 to manufacture; on overtime the same tank costs $600 to manufacture. The holding cost to carry a tank in inventory from one month to the next is $50. Use

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