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 $10 per item month. Setups in a period cost $100. No backorders are allowed.
\table[[\table[[Mont],[h]],1,2,3,4,5,6,7,8,9,10,11,12],[\table[[Dem],[and]],80,30,70,95,100,210,140,100,60,50,32,12]]
A. Formulate this problem
B. Add constraints to limit the production of items to less than 200 per month.
C. Add a constraint that forces at least one week off in the period of the 4 week to 8 week.
 Inventory Problem Problem 1- You company is planning production of items

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!