Formulate a model to minimize the total cost of satisfying Morgan Inc.’s demand for this component.
Morgan Inc. is planning the purchase of one of the component parts it needs for its finished product. The anticipated demands for the component for the next 12 periods are shown in the following table. The cost to order the component (labor, shipping, and paperwork) is $150. The cost to hold these components in inventory […]
Formulate a linear programming model for maximizing total profit contribution.
Hart Manufacturing makes three products. Each product requires manufacturing operations in three departments: A, B, and C. The labor-hour requirements, by department, are as follows: During the next production period the labor-hours available are 450 in department A, 350 in department B, and 50 in department C. The profit contributions per unit are $25 for […]
Develop a model that will yield the three selected carriers and the city-carrier assignments that minimize the cost of shipping.
Offhaus Manufacturing produces office supplies but outsources the delivery of its products to third-party carriers. Offhaus ships to 20 cities from its Dayton, Ohio, manufacturing facility and has asked a variety of carriers to bid on its business. Seven carriers have responded with bids. The resulting bids (in dollars per truckload) are shown in the […]
Formulate a mixed-integer programming model that could be used to help Martin- Beck determine which new plant or plants to open in order to satisfy anticipated demand.
The Martin-Beck Company operates a plant in St. Louis with an annual capacity of 30,000 units. Product is shipped to regional distribution centers located in Boston, Atlanta, and Houston. Because of an anticipated increase in demand, Martin-Beck plans to increase capacity by constructing a new plant in one or more of the following cities: Detroit, […]
What is the best estimate for the value of X?
Gorditos sells a variety of Mexican-inspired cuisine for which tortillas are often the main ingredient. Assume that each customer places an order requiring one tortilla with a 75% probability independent of other customers’ orders. The other 25% of customers place orders that do not require a tortilla. Assume that the number of customers who arrive […]