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hi was told to solve the question on Excel tried a couple time but I keep getting inconclusive results pls could anyone help out preferably
hi was told to solve the question on Excel tried a couple time but I keep getting inconclusive results pls could anyone help out preferably using Excel and explaining what they did
A manufacturer provides specialized microchips. During the next 3 months, its sales, costs, and available time are Month 1 Month 2 2500 110 Month 3 2300 113 125 Chips required at the end of the month Cost - regular time ($/chip) Cost - over time ($/chip) Storage cost ($/chip/month) Regular operation time (hr/month) Maximum Overtime operation (hr/month) 1000 105 110 10 2625 480 120 5 2625 480 5 2625 480 There are no chips in stock at the beginning of the first month. It takes 1.5 hr of production to produce a chip. The cost to store a chip starts from the beginning of one month to the next {i.e., if a chip is produced in month 1, regardless the date of the month, storage fee will be charged from beginning of month 1). Determine a production schedule and the total cost that meets the demand requirements, does not exceed the monthly production time limitations, and minimizes cost. Note that no chips should be in stock at the end of the 3 monthsStep by Step Solution
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