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The personnel department of a company wants to know how many workers will be needed each month for the next six - month production period.
The personnel department of a company wants to know how many workers will be needed each month
for the next sixmonth production period. The following table shows the monthly demand forecast for the
sixmonth period.
The inventory on hand at the end of June was units. The company wants to maintain a minimum
inventory of units each month and would like to have units on hand at the end of December.
Each unit requires employeehours to produce, there are working days each month, and each
employee works an hours day. The workforce at the end of June was workers. Assume Hiring cost
$ and Firing cost $
a Determine a minimum inventory production plan chase strategy
b Determine the total cost for part a
c Determine the level production plan that meets demand but does not hire or fire workers during the
sixmonth period.
d Determine the total cost for part c
e Construct the LP model for the problem and determine the optimal solution using LINDO
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