Question: Write a GAMS code that runs Production Planning A company has three plants, which produce three products. The demand forecasts for the three products in
Write a GAMS code that runs
Production Planning A company has three plants, which produce three products. The demand forecasts for the three products in the next month are summarized in the table below. The capacity of each plant to produce each product is also summarized in the table below. The operations costs of Plants 1, 2, and 3 are $250 /hour, $500/ hour and $300/ hour, respectively. Formulate an LP model to determine the quantity of each type of product to be produced that minimize the total production cost and meet demand
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
