Question: diu eceives zero point. A company produces a single type of product. The product sells for $9 per unit. The customer demands must be met

diu eceives zero point. A company produces a

diu eceives zero point. A company produces a single type of product. The product sells for $9 per unit. The customer demands must be met on time. Monthly demands for the product, production and holding costs, and production capacities are shown in the table below. Demand Holding cost Production cost Production capacity Month (units) ($/unit/month) (S/unit) (units) M1 90 0.1 1.3 100 M2 65 0.19 1.6 75 M3 120 0.21 1.9 115 At the beginning of month 1, the company has 7 units of the product in inventory. For the decision variables, assume that t shows the month (1,2,3) xt is the quantity produced in month t. It is the inventory left over at the end of montht. The company wants at least 4 units in inventory at the end of each month. We would like to maximize the total profit during three months (M1, M2, M3) for this problem using an integer program. A partial mathematical model is given below. Fill the boxes accordingly. X1+ X2+ x3+ 11+ 12+ 13 (Objective & Objective Function) s.t. x1+ X2+ X3+ 11+ 12+ 13 (M2 capacity) X1+ X2+ x3+ 11+ 12+ 13 (M1 inventory balance) X1+ x2+ x3+ 11+ 12+ 13 (M3 inventory balance) v 12+ 13 X3+ 11+ X2+ X1+ (M2 ending inventory requirement) X1, X2, X3 (Sign/type restrictions) 11, 12, 13 (Sign/type restrictions) 17:30 21C ok bulutlu A03 ) TUR 17 Haz 2021

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!