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Question 4) APP Linear Programming Given the following information: Quarter Demand Regular Prod. Capacity = 3,000 units/gtr 8,000 Overtime Prod. Capacity = 800 units/gtr Subcontracting Capacity = 1,800 units/gtr = 6,000 yntis gtr Regular Prod. Cost = $20/unit Overtime Prod. Cost = $25/unit 1 2 2,000 Inventory Capacity Beginning Inventory Subcontracting Cost = $35/unit Inventory Cost 3 = 500 units = $4/unit/gtr Linear programming is to be used to determine a production plan strategy of Level Production, Overtime, and Subcontracting. a. Formulate the Objective Function (note that there are 3 quarters). b. Formulate all Constraints (standardized). c. How many decision variables are in the model? d. How many constraints are in the model? (do not include non-negativity constraints)

Question 4) APP Linear Programming Given the following information: Quarter Demand Regular Prod. Capacity = 3,000 units/gtr 8,000 Overtime Prod. Capacity = 800 units/gtr Subcontracting Capacity = 1,800 units/gtr = 6,000 yntis gtr Regular Prod. Cost = $20/unit Overtime Prod. Cost = $25/unit 1 2 2,000 Inventory Capacity Beginning Inventory Subcontracting Cost = $35/unit Inventory Cost 3 = 500 units = $4/unit/gtr Linear programming is to be used to determine a production plan strategy of Level Production, Overtime, and Subcontracting. a. Formulate the Objective Function (note that there are 3 quarters). b. Formulate all Constraints (standardized). c. How many decision variables are in the model? d. How many constraints are in the model? (do not include non-negativity constraints)

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question 4) APP Linear Programming Given the following information: Quarter Demand Regular Prod. Capacity = 3,000 units/gt 8,000 Overtime Prod. Capacity = 800 units/gtg 4,000 Subcontracting Capacity = 1,800 units/gt Regular Prod. Cost = $20/unit Overtime Prod. Cost = $25/unit 1 2 2,000 Inventory Capacity = 6,000 untis/atr Subcontracting Cost = $35/unit Inventory Cost 3 Beginning Inventory = 500 units = $4/unit/gtr Linear programming is to be used to determine a production plan strategy of Level Production, Overtime, and Subcontracting. a. Formulate the Objective Function (note that there are 3 quarters). b. Formulate all Constraints (standardized). c. How many decision variables are in the model? d. How many constraints are in the model? (do not include non-negativity constraints)
Transcribed Image Text:Question 4) APP Linear Programming Given the following information: Quarter Demand Regular Prod. Capacity = 3,000 units/gt 8,000 Overtime Prod. Capacity = 800 units/gtg 4,000 Subcontracting Capacity = 1,800 units/gt Regular Prod. Cost = $20/unit Overtime Prod. Cost = $25/unit 1 2 2,000 Inventory Capacity = 6,000 untis/atr Subcontracting Cost = $35/unit Inventory Cost 3 Beginning Inventory = 500 units = $4/unit/gtr Linear programming is to be used to determine a production plan strategy of Level Production, Overtime, and Subcontracting. a. Formulate the Objective Function (note that there are 3 quarters). b. Formulate all Constraints (standardized). c. How many decision variables are in the model? d. How many constraints are in the model? (do not include non-negativity constraints)
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