Question: I need a solution of this question quickly please find an optimization model By the end of Feb, the company has 100 units in stock,

I need a solution of this question quickly please
find an optimization model
I need a solution of this question quickly please find an optimization

By the end of Feb, the company has 100 units in stock, By the end of Feb, the company has 12 workers, each worker can produce 15 unit/month -hiring cost = $200/person -Firing cost =$400/person -holding cost =$50/unit-month Production set up cost is $500/set up company would like to have 200 units in stock by the end of planning horizon Month Period Demand March April June July 1 2 3 4 520 720 520 620 -Sub contracting cost is $13 - Production cost is $6 Find an optimization model

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 Accounting Questions!