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The production manager at Old-Time Boats must determine how many Party Pontoons to produce over the next 6 months. The beginning inventory of Party Pontoons is 400 units. The demand for the next 6 months is as follows: Month 1 = 1,000 units; Month 2 = 1,500 units; Month 3 = 1,800 units; Month 4 = 2,000 units; Month 5 = 1,500 units; Month 6 = 1,300 units. The capacity in each month for Months 1 – 3 is 1,650 units per month. The capacity in each month for Months 4 – 6 is 1,725 units per month. The production cost in Months 1 – 3 is $8,000 per unit. The production cost in Months 4 – 6 is $9,900 per unit. Inventory holding cost for any units in ending inventory each month in Months 1 – 3 is $600/unit/month and for Months 4 – 6 is $950/unit/month. Top management has specified that ending inventory in Month 6 should be at least 140 units. (a) Formulate the linear programming model within your Word Report: Define the decision variables, the objective function, and the constraints. (b) Create the Solver model for this problem. Run the model. How many Party Pontoons should Old-Time Boats produce in each of the next 6 months? What will be the ending inventory each month? What will be the estimated total cost be over the next 6 months? Show your answers in your Word document.
Assume you are the hotel manager of Miramar Hotel. The air conditioning has stopped functioning on one of the busiest and hottest weekends of the year. You need to explain the situation and what you are going to do (or have done) about it to three au..
Provide some examples of spending that would fall under the category of services versus indirect spending. What is the difference between the two?
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Security risk assessment is an invaluable tool in an IT professional's quest to protect a company's information assets. IT projects that do not go through a security risk assessment process have a greater potential of exposing a company's informat..
Besides compensation costs, what HRM challenges do auto companies face? Which of these challenges involve labor relations?
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