Question: Ace Green Windows ( AGW ) manufactures environmentally efficient windows as replacements of those in existing homes. It has just received a contract for the
Ace Green Windows AGW manufactures environmentally efficient windows as replacements of those in existing homes. It has just received a contract for the next months, requiring and units in months through respectively. Production costs for windows vary with time due to the specialized materials. AGW estimates production will cost $ $ $ $ $ and $ per unit in periods through respectively. To take advantage of cost variations, AGW may produce more windows than the contract requires in some months and hold up to of them in inventory for later months. But holding inventory costs $ per window per month. Assume there is no beginning inventory.
a Define symbolic parameters naming and indexing the constants described above.b Formulate a timephased linear program to compute an optimal minimum total cost finite horizon, manufacturing and inventory plan for the next months using the parameters of part
c Provide a verbal explanation of the objective function and constraints.
d Enter and solve your model with an optimization software of your choice and submit the output with an explanation of the solution.
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