Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A company has three plants, which produce three products. The demand forecasts for the three products in the next month are summarized in the
A company has three plants, which produce three products. The demand forecasts for the three products in the next month are summarized in the table below. The capacity of each plant to produce each product is also summarized in the table below. Product 1 Product 2 Product 3 Capacity, cj (hours) Production rate, rij (units per hour) Plant 1 Plant 2 Plant 3 100 200 60 160 120 250 50 200 150 150 100 180 Demand, di (units) 20,000 40,000 15,000 The operations costs of Plants 1, 2, and 3 are $250/hour, $500/hour and $300/hour, respectively. The company needs to determine the quantity of each type of product to be produced that minimize the total production cost and meet demand. Build a What'sBest model to solve this problem.
Step by Step Solution
★★★★★
3.44 Rating (160 Votes )
There are 3 Steps involved in it
Step: 1
solution Let the hours of operation producting product i at plant be denoted by zeii The obje...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started