Try the fastest way to create flashcards

Related questions with answers

Question

Donovan Enterprises produces electric mixers. During the next four quarters, the following demands for mixers must be met on time: quarter 1—4,000; quarter 2—2,000; quarter 3—3,000; quarter 4—10,000. Each of Donovan’s workers works three quarters of the year and gets one quarter off. Thus, a worker may work during quarters 1, 2, and 4 and get quarter 3 off. Each worker is paid $30,000 per year and (if working) can produce up to 500 mixers during a quarter. At the end of each quarter, Donovan incurs a holding cost of$30 per mixer on each mixer in inventory. Formulate an LP to help Donovan minimize the cost (labor and inventory) of meeting the next year’s demand (on time). At the beginning of quarter 1, 600 mixers are available.

Solution

Verified
Step 1
1 of 2

Create a free account to view solutions

Create a free account to view solutions

Recommended textbook solutions

Introduction to Operations Research 10th Edition by Frederick S. Hillier

Introduction to Operations Research

10th EditionISBN: 9780073523453Frederick S. Hillier
Verified solutions
Operations Research: Applications and Algorithms 4th Edition by Wayne L Winston

Operations Research: Applications and Algorithms

4th EditionISBN: 9780534380588 (5 more)Wayne L Winston
1,445 solutions
STAT: Behavioral Sciences 2nd Edition by Gary Heiman

STAT: Behavioral Sciences

2nd EditionISBN: 9781305436923Gary Heiman
A Mathematical Look at Politics 1st Edition by Daniel H. Ullman, E. Arthur Robinson Jr.

A Mathematical Look at Politics

1st EditionISBN: 9781439819838Daniel H. Ullman, E. Arthur Robinson Jr.

More related questions

1/4

1/7