Find aggregate production plan with minimum total cost

Assignment Help Operation Management

Reference no: EM131036778

A firm produces N products and has M production plants. The following data is available for aggregate production planning over T months: The cost of producing product i in plant j in month t is cijt. The holding cost per unit of product i in month t is hit. Each worker in plant j is paid gjt dollars in month t. The cost of hiring one worker in plant j is bj and the cost of firing one worker in plant j is rj. Producing one unit of product i in plant j require aij worker hours. The number of working hours in month t in plant j is njt. The demand for product i in month t is dit. Formulate an LP to find the aggregate production plan with minimum total cost.

Reference no: EM131036778

Questions Cloud

What is the average utilization of the service system : You're the manager of a local bank where a teller provides service to customers. On average, the teller takes 5 minutes to serve a customer. What is the average utilization of the service system? What is the probability that no customers are being se..

The historical income statements : These questions are set as guidance; your paper should not just answer these question but instead use these questions as a guideline to write your analysis. I will expect a full financial analysis and a complete paper.

Prepare document flowchart for the cash receipts system : Customer payments include cash received at the time of purchase and payments received in the mail. At day’s end, the treasurer endorses all checks and prepares a deposit slip for the checks and the cash. Develop a context diagram and a Level 0 DFD fo..

Write reflection on issues of race poverty and their nexus : This assignment is a sincere reflection on issues of race/racism, poverty, and their nexus. This reflection will involve your position (not only as conscious/aware being, but also as positioned bodily creature conditioned by your context.

Find aggregate production plan with minimum total cost : A firm produces N products and has M production plants. The following data is available for aggregate production planning over T months: The cost of producing product i in plant j in month t is cijt. The holding cost per unit of product i in month t ..

Recommendation if the after tax marr : what is your recommendation if the device is only used on R&D project,which should terminate in 6 more years?

What is the retail price of a dozen roses : Please show your calculations for each of the four problems. No credit will be given for answers without calculations. Maggie’s Florist buys roses for $25 a dozen from the grower. Maggie has a desired return on sales of 35 percent on the sale of a do..

Arbitrary number system with the independent : Consider an arbitrary number system with the independent digits as 0, 1 and X. What is the radix of this number system? List the first 10 numbers in this number system.

Calculate the total revenue and elasticity of demand : The Napa Valley Wine Company sells a premium bottle of pinot noir. Sales data for four price points is shown into the table below. Please calculate the total revenue and elasticity of demand and enter them in the table below.

User Account

All Pages