1. Due to the quarantine, the demand for Nine Tendo On/Off console suddenly peaked and is expected to have the following demands for the next four quarters: 5million, 7million, 4million, and 5million units, respectively. The unit price starts at 20,000 and increase by 1,000 each quarter thereafter. The company Nine Tendo can supply no more than 7million units in any one quarter. Although, we can take advantage of lower prices in early quarters, a storage cost of 2,800 is incurred per unit per quarter. In addition, the number of units that can be held over from one quarter to the next must be 1.4million or less. Develop an LP to determine the schedule for purchasing the item to meet the demand while minimizing the cost.

1. Due to the quarantine, the demand for Nine Tendo On/Off console suddenly peaked and is expected to have the following demands for the next four quarters: 5million, 7million, 4million, and 5million units, respectively. The unit price starts at 20,000 and increase by 1,000 each quarter thereafter. The company Nine Tendo can supply no more than 7million units in any one quarter. Although, we can take advantage of lower prices in early quarters, a storage cost of 2,800 is incurred per unit per quarter. In addition, the number of units that can be held over from one quarter to the next must be 1.4million or less. Develop an LP to determine the schedule for purchasing the item to meet the demand while minimizing the cost.

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter6: Linear Systems

Section6.8: Linear Programming

Problem 5SC: If during the following year it is predicted that each comedy skit will generate 30 thousand and...

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