Question

Modify the pigskin spreadsheet model so that except for month 6, demand need not be met on time. The only requirement is that all demand be met eventually by the end of month 6. How does this change the optimal production schedule? How does it change the optimal total cost?

Answer 1

Market demand schedule. In economics, a Market Demand Schedule is a tabulation of the quantity of a good that all consumers in a market will purchase at a given price. Generally, there is an inverse relationship between the price and the quantity demanded.