A company receives the customer orders of a product for the next four months, 80, 65, 100, and 70 units respectively (no
Posted: Thu May 05, 2022 9:56 am
A company receives the customer orders of a product for the next
four months, 80, 65, 100, and 70 units respectively (no backlogging
is allowed). Suppose that for the production in each month, a fixed
set up cost $150 is incurred. The production cost is $5 per unit
during these months. The storage cost from one month to the next is
$2 per unit (based on the inventory at the end of that month).
Formulate a shortest path problem for the above problem and
solve it to find a production schedule for the company that meets
the demands of the next four months with the minimal production
cost.
four months, 80, 65, 100, and 70 units respectively (no backlogging
is allowed). Suppose that for the production in each month, a fixed
set up cost $150 is incurred. The production cost is $5 per unit
during these months. The storage cost from one month to the next is
$2 per unit (based on the inventory at the end of that month).
Formulate a shortest path problem for the above problem and
solve it to find a production schedule for the company that meets
the demands of the next four months with the minimal production
cost.