Discuss the following:
Q: A shoe company forecasts the following demands during the next six months:month-1 200:month-2 260:month-3 240:month-4 340 month-5 190:moth-6 150. It costs 7 dollars to produce a pair of shoes with regular- time labor and 11 dollars with overtime labor. During each month, regular production is limited to 200 pairs of shoes, and overtime production is limited to 100 pairs. It costs 1 dollar per month to hold a pair of shoes in inventory. Formulate a balanced transportation problem to minimize the total cost of meeting next six months of demand on time.