discuss the differences in the solution you found versus that found in Problem 19.
The Calhoun Textile Mill is in the process of deciding on a production schedule. It wishes to know how to weave the various fabrics it will produce during the coming quarter. The sales department has confirmed orders for each of the 15 fabrics produced by Calhoun. These demands are given in the following table. Also […]
Construct and solve a linear optimization model that defines the supply chain strategy that meets the demand of each retail outlet at minimum total shipping cost.
Orion Fitness produces bracelets with an embedded chip that tracks its wearer’s activities. Orion has plants in Denver and Jacksonville. Bracelets produced at either plant may be shipped to either of the firm’s two regional warehouses, which are located in Davenport and Cincinnati. These regional warehouses subsequently supply retail outlets in Chicago, Orlando, Houston, and […]
determine the six-month production schedule that minimizes the total production and holding cost.
Brendamore Sports produces footballs and soccer balls and must plan on how many to produce each month for the next six months. The file Brendamore contains demand forecasts, as well as the production costs and inventory holding costs, for the next six months. Brendamore must meet the monthly demand of each product through either a […]
Formulate her investment problem as a linear program and solve it using Excel Solver.
An investor wishes to invest $10,000 for the coming year and anticipates that the market will be in one of four different states at the end of the year. These states affect her investments in each of three possible stocks and a bond as shown in the following table. Unfortunately, she is uncertain about which […]
maximize the amount of interest income accrued over the next six months while satisfying all financial commitments.
A financial manager is managing a cash fund. His investment alternatives available are various certificates of deposit, also known as CDs, as listed in the following table: However, he also must ensure that sufficient funds are available to pay company expenditures over the next six months. The following table lists the net expenditures (in thousands […]