Question: Replace the March demand forecast 5 1 0 by C . During a 4 6 - day period when there were 1 2 0 workers,
Replace the March demand forecast
by C
During a
day period when there were
workers, the firm produced
cookies. Assume that there are
workers employed, and C cookies in inventory at the beginning of month
January
Further assume that the inventory carrying cost cI
$
cookie
month
employee hiring cost cH
$
work
and cost of firing one worker cF
$
worker
It is required that the inventory level at the end of month
December
is
C
Mixed strategy
allowing inventory and workforce changes from month to month
: Find an optimal plan
using linear programming
to meet all monthly demands
assuming back order not allowed
in order to minimize the total cost including employee hiring and firing costs and inventory carrying cost. show all solutionThe Mr
Meadows Cookie Company can obtain accurate forecasts for
months based on firm orders. These forecasts
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