Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Soni pruluces two types Of models A and B . t takes 1 and 2 manhours to produce rn lel A ami B The company

Soni pruluces two types Of models A and B.t takes 1 and 2 manhours to produce rnlel A
ami B The company currently has 16 employees who work 10 hours Fr day on regular
and cm work another 2 hours of overtime per day when Due to union regulations, these
workers cannot fired. The regular hourly pay is 10 TL and overtime pay is 15' TL. Each worker is
paid a minimum of IOx10zlW TL EM workday even ifhe is idle. ifnecessary, it is also possible to
hire temporary workers on a monthly basis at 20 TLperhour. You can alsohire Frmanent workers at
a costofl(m Assume20workdays
month and no significant hiring/firing costs for temporary workers. The inventory holding cot for
models can be approximated to be 3 TL pa month pe prujon hpwincurred.
infmmation for e.ach model for the next 4 months is given below.
Month DemandforA DemandforB
1
2
4
1500
a.(30 pis) Formulate an LP to minimize the total cot of production (labor and inventory
holding) for the next 4 months. Assme that all demand must be met on time.You must
define your variables clearly, write out the the constraints that must be satisfied
explaining the significance of each, and write the objective function with explanation.
b.(5 pts) How would you modify this formulation if it is possible to backlog demand, but
there is a 50 TL monthly cot per each backlogged unit?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project Management A Managerial Approach

Authors: Jack R. Meredith, Samuel J. Mantel,

7th Edition

470226218, 978-0470226216

More Books

Students also viewed these General Management questions