Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company has to deliver 30,000 products in the next four weeks. The customer is willing to pay 23TL, 21TL, 19TL and 17TL for each

A company has to deliver 30,000 products in the next four weeks. The customer is willing to pay 23TL, 21TL, 19TL and 17TL for each product if delivered by the end of Week1, Week 2, Week 3 and Week 4, respectively. A worker can finish only 45 products in a week. Hence, the available full- time personnel of 40 is not enough to meet the demand, and part-time help must be hired and trained. Experienced personnel can be used to instruct a class of two trainees; after one week of training, trainees (now experienced) can either proceed to the assembly line or instruct new trainees. Instructors do not contribute to production while instructing. All of the workers, whether permanent or temporary, must be kept on the payroll until the end of the fourth week even if they become idle. The weekly wages of experienced workers are 800TL; the weekly wages of a trainee are 250TL. The production costs, not including wages, are 5TL/product. Formulate an LP problem to maximize the total net profit. Hint: You have three types of workers: workers actually doing assembly during any given week, workers instructing trainees, and idle workers. The number of trained workers in the next week is twice as much as the number of instructors of a given week. This is a multi-period production planning modelimage text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Comparative International Accounting

Authors: Christopher Nobes, Robert Parker

14th Edition

1292296461, 978-1292296463

More Books

Students also viewed these Accounting questions

Question

What do you think you will bring to the organization?

Answered: 1 week ago