Acme Manufacturing Company has a contract to deliver (100 + XX), (250 +XX), (190 + XX), (140 + XX), (220 + XX), and (110 + XX) home windows over the next 6 months. Production cost (labour, material, and utilities) per window varies by period and is estimated to be Z(50+X), {(45 + X), (55+X), ¿(48+X), ¿(52+X), and 7(50+X) over the next 6 months. To take advantage of the fluctuations in manufacturing cost, Acme can produce more windows than needed in a given month and hold the extra units for delivery in later months. This will incur a storage cost at the rate of 7(8+X) per window per month, assessed on end-of-month inventory. Develop a linear program to determine the optimum production schedule. XX = last

Acme Manufacturing Company has a contract to deliver (100 + XX), (250 +XX), (190 + XX), (140 + XX), (220 + XX), and (110 + XX) home windows over the next 6 months. Production cost (labour, material, and utilities) per window varies by period and is estimated to be Z(50+X), {(45 + X), (55+X), ¿(48+X), ¿(52+X), and 7(50+X) over the next 6 months. To take advantage of the fluctuations in manufacturing cost, Acme can produce more windows than needed in a given month and hold the extra units for delivery in later months. This will incur a storage cost at the rate of 7(8+X) per window per month, assessed on end-of-month inventory. Develop a linear program to determine the optimum production schedule. XX = last

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter3: Benefits, Costs, And Decisions

Section: Chapter Questions

Problem 8MC

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