pigskin - Multiperiod Production Problem Start inventory 50...

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Unformatted text preview: Multiperiod Production Problem Start inventory 50 Month 1 2 3 4 5 Demand 100 150 300 350 250 Prod. cost/unit $12.50 $12.55 $12.70 $12.80 $12.85 Holding cost/unit $0.63 $0.63 $0.64 $0.64 $0.64 Summary of costs Total prod. cost $15,292.50 Total holding cost $63.13 Total cost $15,355.62 Production plan Units produced 50 200 300 300 250 <= <= <= <= <= Production capacity 300 300 300 300 300 Ending inventory 50 50 50 <= <= <= <= <= Storage capacity 100 100 100 100 100 Balance 100 150 300 350 250 "=" "=" "=" "=" "=" Demand 100 150 300 350 250 6 100 $12.95 $0.65 100 <= 300 <= 100 100 "=" 100 Farid Alizadeh: In this model we choose both production in each period and inventory (to be carried to next period) as our decision variables Farid Alizadeh: We need to ensure that in each period the total number of footballs received (from previous inventory or the current period production) to equal to the amound shipped out (demand) plus the amount to carry over to the next period. Multiperiod Production Problem...
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pigskin - Multiperiod Production Problem Start inventory 50...

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