Globots can be produced by regular-time labor or by overtime labor. Production capacity (number of globots) and
Question:
Globots can be produced by regular-time labor or by overtime labor. Production capacity (number of globots) and production costs during the next 4 quarters are shown in the file P09_11.xlsx. Wivco has set the following goals in order of importance:
■ Goal 1: Each quarter’s demand should be met on time.
■ Goal 2: Inventory at the end of each quarter should not exceed 3 units.
■ Goal 3: Total production cost should be no greater than $250.
Use a goal programming model to determine Wivco’s production schedule for the next 4 quarters. Assume that at the beginning of the first quarter, 1 globot is in inventory.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Practical Management Science, Revised
ISBN: 9781118373439
3rd Edition
Authors: Wayne L Winston, S. Christian Albright
Question Posted: