Question: Part 2 Given the following information: Regular Prod. Capacity = 8 , 5 0 0 units / qtr Beginning work force = 8 5 workers
Part Given the following information:
Regular Prod. Capacity unitsqtr
Beginning work force workers
Production rateworker unitsqtr
Beginning Inventory units
Regular Prod. Cost $ unit
Subcont Prod. Cost $ unit
Inventory Cost $unitqtr
Hiring Cost $ worker
Firing Cost $ worker
Linear programming is to be used to determine a production plan strategy of Level Production,
Chase Demand, and Subcontracting. Regular Production is the only capacity limit
Formulate the Objective Function note which strategies to use
and Formulate all Constraints standardized
How many constraints are in the model?
If there were months of forecasts, instead of quarters, how many decision
variables would be in the model?
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