Optimization and Scheduling for Production and Inventory Management: A Case Study in Transportation and Master Production Scheduling
Case study on optimizing production and inventory management in transportation.
David Miller
Contributor
4.1
40
4 months ago
Preview (2 of 2)
Sign in to access the full document!
award:
Problem 11-14
Given the following information set up the problem in a transportation table and solve for the minimum-cost
plan: (Omit the "$" sign in your response.)
Regular time $ 60 per unit
Overtime $ 80 per unit
Subcontract $ 90 per unit
Inventory carrying cost $ 1 per unit per month
Back-order cost $ 3 per unit per month
Minimum total cost $ 124,730
Explanation:
Optimization and Scheduling for Production and Inventory Management: A Case Study in Transportation and Master
Production Scheduling
Name:
Professor:
University attached:
Problem 11-14
Given the following information set up the problem in a transportation table and solve for the minimum-cost
plan: (Omit the "$" sign in your response.)
PERIOD
1 2 3
Demand 550 700 750
Capacity
Regular 500 500 500
Overtime 50 50 50
Subcontract 120 120 100
Beginning inventory 100
Costs
Regular time $ 60 per unit
Overtime $ 80 per unit
Subcontract $ 90 per unit
Inventory carrying cost $ 1 per unit per month
Back-order cost $ 3 per unit per month
Minimum total cost $ 125,344
Answer: Instructor explanationAnswer
PERIOD
1 2 3
Demand 550 700 750
Capacity
Regular 500 500 500
Overtime 50 50 50
Subcontract 120 120 100
Beginning inventory 100
Costs
Problem 11-14
Given the following information set up the problem in a transportation table and solve for the minimum-cost
plan: (Omit the "$" sign in your response.)
Regular time $ 60 per unit
Overtime $ 80 per unit
Subcontract $ 90 per unit
Inventory carrying cost $ 1 per unit per month
Back-order cost $ 3 per unit per month
Minimum total cost $ 124,730
Explanation:
Optimization and Scheduling for Production and Inventory Management: A Case Study in Transportation and Master
Production Scheduling
Name:
Professor:
University attached:
Problem 11-14
Given the following information set up the problem in a transportation table and solve for the minimum-cost
plan: (Omit the "$" sign in your response.)
PERIOD
1 2 3
Demand 550 700 750
Capacity
Regular 500 500 500
Overtime 50 50 50
Subcontract 120 120 100
Beginning inventory 100
Costs
Regular time $ 60 per unit
Overtime $ 80 per unit
Subcontract $ 90 per unit
Inventory carrying cost $ 1 per unit per month
Back-order cost $ 3 per unit per month
Minimum total cost $ 125,344
Answer: Instructor explanationAnswer
PERIOD
1 2 3
Demand 550 700 750
Capacity
Regular 500 500 500
Overtime 50 50 50
Subcontract 120 120 100
Beginning inventory 100
Costs
Preview Mode
Sign in to access the full document!
100%
Study Now!
XY-Copilot AI
Unlimited Access
Secure Payment
Instant Access
24/7 Support
Document Chat
Document Details
Subject
Operations Management