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Model 6 : The Factory Planning Problem In this model, we will tackle a production planning problem for a factory that produces seven different products
Model : The Factory Planning Problem
In this model, we will tackle a production planning problem for a factory that produces seven different products P to P using five types of machines. Our objective is to find the optimal production plan that maximizes the total profit over a sixmonth period, subject to various constraints such as machine availability, sales limits and inventory levels.
The factory operates with four grinders, two vertical drills, three horizontal drills, one borer, and one planer. Each product has a known profit contribution per unit sold, and requires a certain amount of time on each machine for its manufacturing. The tables below show the profit contributions and the machine time requirements for each product. A dash indicates that the product does not need that machine.
Profit contributions $:
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