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HELP WITH COMPLETING THE MODEL. I've asked this question several times all with incorrect answers. COMPLETE, READABLE, AND CLEAR ANSWERS PLEASE. that no shortages are
HELP WITH COMPLETING THE MODEL.
I've asked this question several times all with incorrect answers.
COMPLETE, READABLE, AND CLEAR ANSWERS PLEASE.
that no shortages are allowed. this situation. Let Dj= annual demand for item j Cj= unit cost of item j Sj= cost per order placed for item j wj= space required for item j W= the maximum amount of space available for all goods i= inventory carrying charge as a percentage of the cost per unit. The decision variables are Qj, the amount of item j to order. The model is Minimizes.t.j=1N[CjDj+QjSjDj+iCj2Qj]j=1NwjQjwQj0. is the average amount of inventory). Construct and solve a nonlinear optimization model for the following data. Complete the model. Min[(30)2,000+Q1(()2,000)+0.30(.10)2Q1+50(15)+Q2((2,000)+0.30(15)2Q2+()1,000+Q3(()21,000)+0.30()2Q3] s.t. [(QQ1,Q2,Q20.)Q1+()Q2+()Q3]4,000 Solve the model. (Round Q1,Q2, and Q1 to three decimal places and total cost (in $ ) to two decimal places.) Q1=Q2=Q3=Totalcost=$Step by Step Solution
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