Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please give EXCEL solution Question Hint Given by professor 1. (10 points) Gang Aft Agley, a manufacturing company, faces the aggregate planning problem shown in
Please give EXCEL solution
Question
Hint Given by professor
1. (10 points) Gang Aft Agley, a manufacturing company, faces the aggregate planning problem shown in the table below. Cost of regular production is $7 per unit, the cost of producing the same unit on overtime is $10, the cost of subcontracting is $13 per unit, and the cost of carrying a unit in inventorv from one month to the next is $4 Ine Iavor contract at the plant prohibits both overtime and subcontracting output to exceed 400 units in any five month window. The plant capacity is 1000 units per month produced using two shifts, regardless of the number of days in a month. By policy, management wants to avoid stockouts. Give an algebraic formulation of the aggregate planning problem using linear programming. Develop an aggregate plan using Solver. State the plan by completing the above table and state the total cost of the plan along with the costs of regular production, overtime production, subcontracting and inventory carryingStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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