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EcoWave manufactures environmentally friendly packaging made from biodegradable plastics and recycled paper. Eric Morris was recently hired as a the Operations Manager at EcoWave.
EcoWave manufactures environmentally friendly packaging made from biodegradable plastics and recycled paper. Eric Morris was recently hired as a the Operations Manager at EcoWave. His goal is to identify the optimum resource allocation to minimize the cost of manufacturing at least the forecasted demand of 108313 units of the I-Crates. EcoWave has three machines that could manufacture the I-Crates. Each machine can produce a different number of units per minute -detailed in Table 1- and operating each one of them has a cost in $ per minute - detailed in Table 2. Table 1: Manufactured units per minute per machine Units per minute Machine Machine 1 115 Machine 2 95 Machine 3 140 Table 2: Cost per minute of operation Machine Cost in $ per Minute Machine 1 100 Machine 2 50 Machine 3 90 Eric Morris's first task is to create an optimization model using the available information. What's the minimum possible cost to produce the required units? Round your answer to the nearest integer.
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