Unformatted text preview: , 500 units of the products per month. Since we can always hire more workers at the overtime rate, they can produce any amount of products at the overtime rate. If there are products not sold out in a month, they can be kept as inventory at $4/unit. But the factory can keep at most 250 units of inventory per month because of the limited space. Now, they have 100 units products as inventory. And they want to keep the same inventory level at the end of the 7th month. How can you help them to determine a production plan that meets the monthly demands at a minimal production and inventory cost? 1...
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This note was uploaded on 04/02/2008 for the course IEOR 162 taught by Professor Zhang during the Spring '07 term at Berkeley.
- Spring '07