What is the total cost (e.g. the sum of set-up costs and holdingcosts) of producing the gold seals using a Silver-Mealalgorithm? Period - Forecast below :
Period 1 - 130
Period 2 - 30
Period 3 - 60
Period 4 - 50
Period 5 - 200
Period 6 - 550
Period 7 - 180
Period 8 - 140
Period 9 - 60
Period 10 - 50
Period 11 - 100
Period 12 - 250
Set Up cost 1660.5
Holding Cost/seal 2.46/period
Please solve using Silver-meal heuristic.
