Begin. Invty.

Required

Required

Production

Production

Toy

June 1

Plastic

Time

Cost

Cost

Rocking Horse

25

5

2

12

1

Scooter

55

4

3

14

1.2

Plastic

Time

Monthly Demand

Monthly Demand

Summer Schedule

Available

Available

Horse

Scooter

June

3500

2100

220

450

July

5000

3000

350

700

August

4800

2500

600

520

Develop a model that would tell the company how many of each toy to
produce during each month. You are to minimize total cost.
Inventory cost will be levied on any items in inventory on June 30,
July 31, or August 31 after demand for the month has been
satisfied. Your model should make use of the relationship

Beginning Inventory + Production − Demand = Ending Inventory

for each month. The company wants to end the summer with 150
rocking horses and 60 scooters as beginning inventory for Sept. 1.
Don’t forget to define your decision variables.

Based on your model, evaluate your model further, any
suggestions to Tots Company?