Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need a solution of this question quickly please find an optimization model By the end of Feb, the company has 100 units in stock,
I need a solution of this question quickly please find an optimization model By the end of Feb, the company has 100 units in stock, By the end of Feb, the company has 12 workers, each worker can produce 15 unit/month -hiring cost = $200/person -Firing cost =$400/person -holding cost =$50/unit-month Production set up cost is $500/set up company would like to have 200 units in stock by the end of planning horizon Month Period Demand March April June July 1 2 3 4 520 720 520 620 -Sub contracting cost is $13 - Production cost is $6 Find an optimization model
find an optimization model
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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