Question: Introduction Linear programming ( LP ) offers a wide array of applications in production planning and inventory control. This lab provides as a tutorial for
Introduction
Linear programming LP offers a wide array of applications in production planning and inventory control. This lab provides as a tutorial for building a production planning optimization model using Excel.
Problem Statement:
"Single period production Planning" from Hamdy Taha book, CH example:
In preparation for the winter season, a clothing company is manufacturing parka and goose overcoats, insulated pants, and gloves. All products are manufactured in four different departments: cutting, insulating, sewing, and packing. The company has received firm orders for its products. The contract stipulates a penalty for undelivered items. Devise an optimal production plan for the company based on the following data:
tableTime per unit hrDepartmentParka,Goose,Pants,Gloves,Capacity hrCuttingInsulatingSewingPackagingDemandUnit profit,$$$$Unit penalty,$$$$
using excel
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