Question
A shoe manufacturer received orders for 205, 215, and 210 pairs of shoes in September, October, and November, respectively. The production line can manufacture a
A shoe manufacturer received orders for 205, 215, and 210 pairs of shoes in September, October, and November, respectively.
The production line can manufacture a maximum of 200 pairs of shoes per month for $300 per pair on the regular time. An extra 15 pairs of shoes per month can be produced for $325 per pair.
Any unsold shoes at the end of the month will incur a storage cost of $20 per pair. The current inventory at the end of August is 10 pairs of shoes.
Show step-by-step to formulate this multi-period problem as a linear programming model that minimizes the total cost. Start with naming each variable.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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