Write the production capacity constraints

Assignment Help Operation Management

Reference no: EM132165498

The Meredith Ribbon Company produces paper and fabric decorative ribbon which it sells to paper products companies and craft stores. The demand for ribbon is seasonal. Information about projected demand and production for a particular type of ribbon is given. Demand (yards) Production Cost Per Yard Production Capacity (yards) Quarter 1 10,000 .03 30,000 Quarter 2 18,000 .04 20,000 Quarter 3 16,000 .06 20,000 Quarter 4 30,000 .08 15,000 An inventory holding cost of $.005 is levied on every yard of ribbon carried over from one quarter to the next. a. Define the decision variables needed to model this problem. b. The objective is to minimize total cost, the sum of production and inventory holding cost. Give the objection function. c. Write the production capacity constraints. d. Write the constraints that balance inventory, production, and demand for each quarter. Assume there is no beginning inventory in quarter 1. e. To attempt to balance the production and avoid large changes in the workforce, production in period 1 must be within 5000 yards of production in period 2. Write this constraint.

Reference no: EM132165498

Questions Cloud

Affect global supply chain decisions : What are the major sources of uncertainty that can affect global supply chain decisions?

Some possible sources of procurement risk for this project : What are some possible sources of procurement risk for this project? What steps can be taken to mitigate these risks?

Union grievance procedures and nonunion complaint processes : Determine the differences between union grievance procedures and nonunion complaint processes,

Considered as statistical control charting device : Would a paradigm be considered as statistical control charting device?

Write the production capacity constraints : Write the production capacity constraints. Write the constraints that balance inventory, production, and demand for each quarter.

Best structured to deal with weak economic times : Which of the three companies do you think is best structured to deal with weak economic times, and why?

Changing evolution is in precepts of social indignations : America in its ever changing evolution is in the precepts of social indignations when it comes to immigration, leading to race clashes and political upheaval.

Blue nile and diamond retailing : Which of the two product categories is better suited to the strengths of the online channel?

What are some key success factors in diamond retailing : What are some key success factors in diamond retailing? How do Blue Nile, Zales, and Tiffany compare on those dimensions?

User Account

All Pages