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 four quarters are shown in the file P16_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 three 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 four quarters.
Assume that at the beginning of the first quarter, one 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
ISBN: 9781111531317
4th Edition
Authors: Wayne L. Winston, S. Christian Albright
Question Posted: