Aluminaca produces 100-foot-long, 200-foot-long, and 300-foot-long ingots for customers. This weeks demand for ingots is listed in
Question:
Aluminaca produces 100-foot-long, 200-foot-long, and 300-foot-long ingots for customers. This week’s demand for ingots is listed in the file P04_101.xlsx.
Aluminaca has four furnaces in which ingots can be produced. During 1 week, each furnace can be operated for 50 hours. Because ingots are produced by cutting up long strips of aluminum, longer ingots take less time to produce than shorter ingots. If a furnace is devoted completely to producing one type of ingot, the number it can produce in 1 week is listed in the file P04_101.xlsx. For example, furnace 1 could produce 350 300-foot ingots per week. The material in an ingot costs $10 per foot. A customer who wants a 100-foot or 200-foot ingot will accept an ingot of that length or longer. How can Aluminaca minimize the material costs incurred in meeting required weekly demands?
Step by Step Answer:
Practical Management Science, Revised
ISBN: 9781118373439
3rd Edition
Authors: Wayne L Winston, S. Christian Albright