G-Motor manufactures airplane engines and has an annual capacity of ? units. For the current production facilities, the company has an annual cost of $?? million. G-motor plans to expand its current aircraft engine capacity in light of anticipated growth in aircraft engine demand in the coming years. The company intends to expand its manufacturing capacity by establishing new facilities. Production facilities can be set up in two ways (called as type A and type B). While the cost of establishing a type A manufacturing facility in any given year is $??, the production capacity of such a facility is ?? units. The cost of establishing a Type B manufacturing facility is $??, and the anticipated production capacity is ?? units. Annual expenditures for any facility of type A or B are projected to be $? million dollars. G-Motor aims to make a decision about the establishment of a new facility during the planned period t=2022, 2023,...,T. The demand for aircraft engines in the coming years is forecasted as ?? for each year. G-Motor is unable to maintain inventory because to a lack of available storage space, and all aircraft engines produced in any given year are deemed to be used to meet that year's demand. Inability to satisfy demand incurs a unit cost of $?? in year t. G-Motor can build just one new manufacturing facility each year, and a facility constructed in year t can be used to meet demand beginning in year t+1. Formulate a dynamic programming recursion that minimize the costs
G-Motor manufactures airplane engines and has an annual capacity of ? units. For the current production facilities, the company has an annual cost of $?? million. G-motor plans to expand its current aircraft engine capacity in light of anticipated growth in aircraft engine demand in the coming years. The company intends to expand its manufacturing capacity by establishing new facilities. Production facilities can be set up in two ways (called as type A and type B). While the cost of establishing a type A manufacturing facility in any given year is $??, the production capacity of such a facility is ?? units. The cost of establishing a Type B manufacturing facility is $??, and the anticipated production capacity is ?? units. Annual expenditures for any facility of type A or B are projected to be $? million dollars. G-Motor aims to make a decision about the establishment of a new facility during the planned period t=2022, 2023,...,T. The demand for aircraft engines in the coming years is forecasted as ?? for each year. G-Motor is unable to maintain inventory because to a lack of available storage space, and all aircraft engines produced in any given year are deemed to be used to meet that year's demand. Inability to satisfy demand incurs a unit cost of $?? in year t. G-Motor can build just one new manufacturing facility each year, and a facility constructed in year t can be used to meet demand beginning in year t+1. Formulate a dynamic
JUST FORMULATE
Step by step
Solved in 2 steps
