mod8 - # From Bob Fourer's TOMS paper, June 1983 # # # # #...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
# From Bob Fourer's TOMS paper, June 1983 # # A factory can manufacture some number of different products # over the next T production periods. Each product returns a # characteristic estimated profit per unit, which varies from # period to period. The factory's size imposes a fixed upper # limit on the total units manufactured per period. Additionally, # each product requires fixed characteristic amounts of certain # raw materials per unit. # # Limited quantities of raw materials must be stored now for use in # the next T periods. Each raw material has a fixed characteristic # storage cost per unit period. Any material still unused after # period T has a certain estimated remaining value. # # What products should be manufactured in what periods to maximize # total expected profit minus total storage costs, adjusted for # the remaining value of any unused raw materials? # set P; # Products set R; # Raw materials # param T > 0; # number of production periods param M > 0; # Maximum production per period
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.
Ask a homework question - tutors are online