Question: Reddick's Specialty Electronics makes weatherproof surveillance systems for parking lots. Demand estimates for the next four quarters are 2 5 , 9 , 1 3
Reddick's Specialty Electronics makes weatherproof surveillance systems for parking lots. Demand estimates for the next four quarters are and units. The firm is preparing an aggregate plan that uses inventory, regular time and overtime and back orders to satisfy demand. Subcontracting is not allowed. Beginning inventory is zero. Regular time capacity is units for quarters and units for quarters and Overtime capacity is units per quarter. Regular time cost is $ per unit, while overtime cost is $ per unit. Back order cost is $ per unit per quarter; inventory holding cost is $ per unit per quarter. Develop a mathematical model to satisfy demaReddick's Specialty Electronics makes weatherproof surveillance systems for parking lots. Demand estimates for the next four quarters are and units. The firm is preparing an aggregate plan that uses inventory, regular time and overtime and back orders to satisfy demand. Subcontracting is not allowed. Beginning inventory is zero. Regular time capacity is units for quarters and units for quarters and Overtime capacity is units per quarter. Regular time cost is $ per unit, while overtime cost is $ per unit. Back order cost is $ per unit per quarter; inventory holding cost is $ per unit per quarter. Develop a mathematical model to satisfy demand at a minimal cost Construct an Excel model to solve for the optimal solutionnd at a minimal cost Construct an Excel model to solve for the optimal solution
Develop a LP model
Construct an Excel model to solve for the optimal solution
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
