Question: table [ [ Week , table [ [ Demand ] , [ Military ] , [ backpacks ] ] , table [

\table[[Week,\table[[Demand],[Military],[backpacks]],\table[[Demand],[College],[backpacks]]],[1,360,210],[2,310,198],[3,325,225],[4,355,230]]Rocky Mountain Backpacks (RMB) produce two kinds of products, military backpacks, and college backpacks. The demand for military backpacks and college backpacks for the next 4 weeks is given in Table 1. RMB can produce 510 military backpacks per week and 600 college backpacks per week. It costs $100 to produce one military backpack and $60. to produce one college backpack. The company's policy on inventory and backorder is as follows:
A. The company cannot have backpacks in the inventory of any type for more than 2 weeks. The cost of having any type of backpack in inventory is $2 per backpack per week.
b. Backorders (orders that are fulfilled late) is allowed for only 1 week. The cost of having any type of backpack in backorder is $3 per backpack per week. There are currently 32 military backpacks and 15 college backpacks in inventory at week 1(leftover from the previous week).
C. there are currently 32 military backpacks and 15 college backpacks in inventory a week1(leftover previous week).
RMB management wants to plan their production schedule for the next 4 weeks. Formulate an LP that optimizes the number of backpacks of each type produced per week for the next 4 weeks while minimizing the costs associated with production, inventory, and backorders. Do all parts please!!
 \table[[Week,\table[[Demand],[Military],[backpacks]],\table[[Demand],[College],[backpacks]]],[1,360,210],[2,310,198],[3,325,225],[4,355,230]]Rocky Mountain Backpacks (RMB) produce two kinds of products, military backpacks,

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!