Question: Problem 3 ( Adapted from Winston, 2 0 0 4 ) : FurnCo produces chairs and tables and must meet the following demands over the
Problem Adapted from Winston, : FurnCo produces chairs and tables and must meet the
following demands over the next three months: month chairs, tables; month chairs,
tables; month chairs, tables. It requires labor hours to produce a chair and labor hours to
produce a table. During each of the next three months, at most labor hours are available for
production; however up to additional labor hours can be acquired in each month for a cost of
$ hour. The perunit production costs for chairs and tables differ by month and are given in the
following table:
Initially, there is no product in inventory. A holding cost of $ per chair and $ per table is assessed on
product in inventory at the end of months and
Part a: Formulate a linear program to meet FurnCo's demand at minimum cost.
Part b: Solve the problem using AMPLCPLEX and report the obtained optimal solution. Attach the text
of your model file and AMPL session.
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