One of N machines must be selected for manufacturing Q units of a specific product. The minimum
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One of N machines must be selected for manufacturing Q units of a specific product. The minimum and maximum demands for the product are Q* and Q**, respectively. The total production cost for Q items on machine i involves a fixed cost Ki and a variable cost per unit ci, and it is given as TCi = Ki + ciQ
(a) Devise a solution for the problem under each of the four criteria of decisions under uncertainty.
(b) For 1000 ≤ Q ≤ 4000, solve the problem for the following set of data:
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