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 $ million contract with the Navy supply customdesigned submersible pumps over the next four months. The contract calls for the delivery pumps the end May, pumps the end June, pumps the end July, and pumps the end August. Standard's production capacity pumps May, pumps June, pumps July, and pumps August. Management would like develop a production schedule that will keep monthly ending inventories low while the same time minimizing the fluctuations inventory levels from month month. attempting develop a goal programming model the problem, the company's production scheduler let
denote the number pumps produced month and
denote the number pumps inventory the end month Here,
refers May,
refers June,
refers July, and
refers August. Management asks you assist the production scheduler model development.
Assuming the production fluctuation and inventory goals are equal importance, write objective function for a goal programming model which, when used with the constraints constructed parts can used determine the best production schedule. Develop and solve a goal programming model determine the best production schedule.
MIN
What the optimal solution the goal programming model?
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