Question: Please solve the follwing question using excel and show all excel formulas and solver constraints: Nortrom is a car battery manufacturer. The table below shows
Please solve the follwing question using excel and show all excel formulas and solver constraints:
Nortrom is a car battery manufacturer. The table below shows the forecasted demand for the initial four
months of the year.
At the yearend, the warehouse is completely empty. So the starting inventory is zero. The maximum capacity
of the warehouse is Holding costs for both types is $ per unit per month. The manufacturer wants
to have at least AE s and AE s in the warehouse at the beginning of May.
Production costs are $ per unit for AE and $ per unit for AE Because demand for raw
materials is rising, production costs are expected to rise by $ each month for the four months.
Labor to make model AE is hours per unit; making model AE takes hours of labor. To meet
worker scheduling requirements, management has agreed to schedule at least hours per month of
labor. As many as extra hours per month are available to management at the same cost. What should be
the production schedule for AE and AE for the four months?
points
Hint: On excel create the columns for the two circuits adjacent to one another.
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