Quiz 2_F2011

# Quiz 2_F2011 - MGMT 30600 Quiz 2 Fall 2011 Name Section...

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MGMT 30600 – Quiz 2, Fall 2011 Name: Section: ___________________________ Question 1. (6 points) Snow Witch Toboggan and Sled is trying to plan their production for the next two months. They would like to end November with at least 500 toboggans and 400 sleds in inventory. Their factory has 800 hours of production capacity each month. Their cost of holding inventory is 3% of production cost. Formulate a linear program to minimize their total production and inventory holding costs. Prod. cost (\$) October demand November demand Current inventory Unit production time (minutes) Toboggan 15 1000 2500 300 20 Sled 12 1000 2000 200 10 Let T i be the number of toboggans manufactured in month i. Let S i be the number of sleds manufactured in month i. Let IT i be the number of toboggans in inventory at the end of month of i. Let IS i be the number of sleds in inventory at the end of month of i. i = 1 for October and 2 for November. ----------------------------------------------------------------------------------------------------------- - Let T i be the number of toboggans manufactured in month i. Let S i be the number of sleds manufactured in month i. Let IT i be the number of toboggans in inventory at the end of month of i. Let IS

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Quiz 2_F2011 - MGMT 30600 Quiz 2 Fall 2011 Name Section...

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