Question: Refer to Solved Problem 1. Start with 20 permanent workers. Prepare a minimum cost plan that may use some combination of hiring ($250 per worker),
Refer to Solved Problem 1. Start with 20 permanent workers. Prepare a minimum cost plan that may use some combination of hiring ($250 per worker), subcontracting ($8 per unit, maximum of 20 units per month, must use for at least three consecutive months), and overtime ($9 per unit, maximum of 25 units per month). The ending inventory in month 9 should be zero with no back orders at the end. Compute the total cost.
Step by Step Solution
3.37 Rating (175 Votes )
There are 3 Steps involved in it
Hiring cost per unit 25010 25 With 20 workers 140 units will be backordered 20 in month 2 60 in mont... View full answer
Get step-by-step solutions from verified subject matter experts
