A company wants to plan production for the ensuing year to minimize the combined cost of production and inventory costs. In each quarter of the year, demand is anticipated to be 130, 160, 250, and 150 units, respectively. The plant can produce a maximum of 200 units each quarter. The product can be manufactured at a cost of $15 per unit during the first quarter, however the manufacturing cost is expected to rise by $1 per quarter. Excess production can be stored from one quarter to the next at a cost of $1.50 per unit, but the storage facility

A company wants to plan production for the ensuing year to minimize the combined cost of production and inventory costs. In each quarter of the year, demand is anticipated to be 130, 160, 250, and 150 units, respectively. The plant can produce a maximum of 200 units each quarter. The product can be manufactured at a cost of $15 per unit during the first quarter, however the manufacturing cost is expected to rise by $1 per quarter. Excess production can be stored from one quarter to the next at a cost of $1.50 per unit, but the storage facility

Operations Research : Applications and Algorithms

4th Edition

ISBN:9780534380588

Author:Wayne L. Winston

Publisher:Wayne L. Winston

Chapter9: Integer Programming

Section9.2: Formulating Integer Programming Problems

Problem 13P

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