A textile company produces shirts and pants. Each shirt requires three square yards of cloth, and each pair of pants requires two square yards of cloth. During the next two months the following demands for shirts and pants must be met (on time): month 1, 2000 shirts and 1500 pairs of pants; month 2, 1200 shirts and 1400 pairs of pants. During each month the following resources are available: month 1, 9000 square yards of cloth; month 2, 6000 square yards of cloth. In addition, cloth that is available during month 1 and is not used can be used during month 2. During each month it costs $10 to produce an article of clothing with regular-time labor and $16 with overtime labor. During each month a total of at most 2400 articles of clothing can be produced with regular-time labor, and an unlimited number of articles of clothing can be produced with overtime labor. At the end of each month, a holding cost of $1 per article of clothing is incurred. (There is no holding cost for cloth.) Determine how to meet demands for the next two months (on time) at minimum cost. Assume that 100 shirts and 200 pairs of pants are already in inventory at the beginning of month 1.
A textile company produces shirts and pants. Each shirt requires three square yards of cloth, and each pair of pants requires two square yards of cloth. During the next two months the following demands for shirts and pants must be met (on time): month 1, 2000 shirts and 1500 pairs of pants; month 2, 1200 shirts and 1400 pairs of pants. During each month the following resources are available: month 1, 9000 square yards of cloth; month 2, 6000 square yards of cloth. In addition, cloth that is available during month 1 and is not used can be used during month 2. During each month it costs $10 to produce an article of clothing with regular-time labor and $16 with overtime labor. During each month a total of at most 2400 articles of clothing can be produced with regular-time labor, and an unlimited number of articles of clothing can be produced with overtime labor. At the end of each month, a holding cost of $1 per article of clothing is incurred. (There is no holding cost for cloth.) Determine how to meet demands for the next two months (on time) at minimum cost. Assume that 100 shirts and 200 pairs of pants are already in inventory at the beginning of month 1.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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A textile company produces shirts and pants. Each shirt requires three square yards of cloth, and each pair of pants requires two square yards of cloth. During the next two months the following demands for shirts and pants must be met (on time): month 1, 2000 shirts and 1500 pairs of pants; month 2, 1200 shirts and 1400 pairs of pants. During each month the following resources are available: month 1, 9000 square yards of cloth; month 2, 6000 square yards of cloth. In addition, cloth that is available during month 1 and is not used can be used during month 2. During each month it costs $10 to produce an article of clothing with regular-time labor and $16 with overtime labor. During each month a total of at most 2400 articles of clothing can be produced with regular-time labor, and an unlimited number of articles of clothing can be produced with overtime labor. At the end of each month, a holding cost of $1 per article of clothing is incurred. (There is no holding cost for cloth.)
- Determine how to meet demands for the next two months (on time) at minimum cost. Assume that 100 shirts and 200 pairs of pants are already in inventory at the beginning of month 1.
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