Question: Standard Pump recently won a $ 1 4 million contract with the U . S . Navy t o supply 2 , 0 0 0

Standard Pump recently won a $14 million contract with the U.S. Navy to supply 2,000 custom-designed submersible pumps over the next four months. The contract calls for the delivery of200 pumps at the end of May, 600 pumps at the end of June, 600 pumps at the end of July, and 600 pumps at the end of August. Standard's production capacity is500 pumps in May, 400 pumps in June, 800 pumps in July, and 500 pumps in August. Management would like to develop a production schedule that will keep monthly ending inventories low while at the same time minimizing the fluctuations in inventory levels from month to month. In attempting to develop a goal programming model of the problem, the company's production scheduler let
xm
denote the number of pumps produced in month m and
sm
denote the number of pumps in inventory at the end of month m. Here,
m=1
refers to May,
m=2
refers to June,
m=3
refers to July, and
m=4
refers to August. Management asks you to assist the production scheduler in model development.
Assuming the production fluctuation and inventory goals are of equal importance, write an objective function for a goal programming model which, when used with the constraints constructed in parts (a)-(d), can be used to determine the best production schedule. Develop and solve a goal programming model to determine the best production schedule.
MIN dp1+dn1+dp2+dn2+dp3+dn3+dp4+dn4+dp5+dn5+dp6+dn6
What is the optimal solution to the goal programming model?
(x1,x2,x3,x4,s1,s2,s3,s4)=
PLEASE USE EXCEL SOLVER TO FIND THE OPTIMAL SOLUTIONS
Standard Pump recently won a $ 1 4 million

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