Question: Inventory Problem Problem 1 - You company is planning production of items for the next year. Your demand is given in the following table. Holding

Inventory Problem
Problem
1
-
You company is planning production of items for the next year. Your demand is given in the following table. Holding inventory cost $
1
0
per item month. Setups in a period cost $
1
0
0
.
No backorders are allowed.
\
table
[
[
Month
,
1
,
2
,
3
,
4
,
5
,
6
,
7
,
8
,
9
]
Demand,
8
0
,
3
0
,
7
0
,
9
5
,
1
0
0
,
2
1
0
,
1
4
0
,
1
0
0
,
6
0
]
A
.
Formulate this problem
B
.
Add constraints to limit the production of items to less than
2
0
0
per month.
C
.
Add a constraint that forces at least one week off in the period of the
4
week to
8
week.

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!