[Production planning – Sales andoperations planning]
Question: MATH. MODELING, and find the optimalsolution.
– Allow Backorder
– Wages and benefits: $15/worker/hour
– Hiring cost = $200
– Layoff cost = $500
– Monthly inventory carrying cost = 2%
– Beginning workforce level = 1,437
– Beginning inventory level = 215,000
– Ending inventory level = 5 days of supply (67,000units)
Thanks for all of your help.
Demand & # of working days Jan Feb Mar Apr May Jun Total
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