Question: Part 2 given the following information: Regular Prod. Capacity ( = 9 , 0 0 0 ) units / qtr Regular Prod. Cost
Part given the following information:
Regular Prod. Capacity unitsqtr
Regular Prod. Cost $unit
Beginning work force workers
Subcont Prod. Cost $unit
Production rateworker unitsqtr
Inventory Cost $unitqtr
Beginning Inventory units
Hiring Cost quad$ worker
Firing Cost quad$ 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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