A company faces the following demands during the next three weeks: week 1, 2000 units; week 2, 1000 units; week
a. Determine how to minimize the cost of meeting the demand for the next three weeks.
b. Revise the model so that the demands are of the form Dt + k Δt, where Dt is the original demand (from above) in month t, k is a given factor, and Δt is an amount of change in month t demand.
Develop the model in such a way that you can use SolverTable to analyze changes in the amounts produced and the total cost when k varies from 0 to 10 in 1-unit increments, for any fixed values of the Δts. For example, try this when Δ1 = 200, Δ2 = 500, and Δ3 = 300. Describe the behavior you observe in the table. Can you find any reasonable Δts that induce positive production levels in week 3?
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...
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Question Posted: April 01, 2015 11:33:31