Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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The production planning period for the flat-screen monitors an electronic manufacturing.
Regular time cost per monitor
Overtime cost per monitor
Subcontract cost per monitor
Back order cost
Carrying cost per monitor per month
Demand
Capacity
Regular
Overtime
Subcontract
Month 1
2,000
1,600
400
600
Month 2
2,500
1,700
400
600
$85
$100
$110
$10
$5
Month 3
2,300
850
200
600
Month 4
2,100
1,450
400
800
The electronics manufacturing expects to enter the planning period with 500 monitors in stock. Develop
a production plan that minimizes the cost. Management wants to prioritize filling in months of demand
immediately.
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Transcribed Image Text:The production planning period for the flat-screen monitors an electronic manufacturing. Regular time cost per monitor Overtime cost per monitor Subcontract cost per monitor Back order cost Carrying cost per monitor per month Demand Capacity Regular Overtime Subcontract Month 1 2,000 1,600 400 600 Month 2 2,500 1,700 400 600 $85 $100 $110 $10 $5 Month 3 2,300 850 200 600 Month 4 2,100 1,450 400 800 The electronics manufacturing expects to enter the planning period with 500 monitors in stock. Develop a production plan that minimizes the cost. Management wants to prioritize filling in months of demand immediately.
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