During each month, there is enough production capacity to produce up to 32,000 total balls (football 1
Question:
During each month, there is enough production capacity to produce up to 32,000 total balls (football 1 soccer balls), and there is enough storage capacity to store up to 20,000 total balls (football 1 soccer balls) at the end of the month. Brendamore wants to meet these demands on time and it currently has 7,000 footballs and 5,000 soccer balls in inventory. In anticipation of demand beyond the six-month planning horizon, Brendamore would like to have 3,000 footballs and 3,000 soccer balls in inventory at the end of the sixth month. Brendamore wants to determine the six-month production schedule that minimizes the total production and holding cost.
Step by Step Answer:
Essentials Of Business Analytics
ISBN: 9781337406420
3rd Edition
Authors: Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson, Dennis J. Sweeney, Thomas A. Williams