1) Acme Manufacturing Company has received a contract to deliver home windows over the next 6...
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1) Acme Manufacturing Company has received a contract to deliver home windows over the next 6 months. The successive demands for the six periods are 10, 250, 190, 140, 200, and 110 respectively. Production cost per window varies form months to month depending on labor material, and utility costs. Acme estimates the production cost per window over the next 6 months to be $050, $45, $55, $48, $52, and $50, respectively. To take advantage of the fluctuations in manufacturing cost, Acme may elect to produce more than is needed to satisfy the demand of a given month and stock the excess units for delivery in later months. This, however, will incur storage cost at the rate of $8 per window per month assessed in end-of- month inventory Instructions 1. Establish variable (3 points) 2. Objective Function (2 points) 3. Restrictions (5 points) 1) Acme Manufacturing Company has received a contract to deliver home windows over the next 6 months. The successive demands for the six periods are 10, 250, 190, 140, 200, and 110 respectively. Production cost per window varies form months to month depending on labor material, and utility costs. Acme estimates the production cost per window over the next 6 months to be $050, $45, $55, $48, $52, and $50, respectively. To take advantage of the fluctuations in manufacturing cost, Acme may elect to produce more than is needed to satisfy the demand of a given month and stock the excess units for delivery in later months. This, however, will incur storage cost at the rate of $8 per window per month assessed in end-of- month inventory Instructions 1. Establish variable (3 points) 2. Objective Function (2 points) 3. Restrictions (5 points)
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1 Establish Variables Let represent the number of windows produced in month where i 1 2 3 4 5 6 Let ... View the full answer
Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
Posted Date:
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