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GM manufactures bikini swimming suits. Their business is highly seasonal, with expected demands being 2800, 500, 100, and 850 dozen suits over the four quarters of next year. The company can produce 1200 dozen suits per quarter, but inventories must be built up to meet larger demands at a cost of $15 per dozen per quarter. GM wants to meet demand while minimizing this inventory cost. Formulate a time-phased LP with infinite time horizon. Find the optimum solution using any solver

GM manufactures bikini swimming suits. Their business is highly seasonal, with expected demands being 2800, 500, 100, and 850 dozen suits over the four quarters of next year. The company can produce 1200 dozen suits per quarter, but inventories must be built up to meet larger demands at a cost of $15 per dozen per quarter. GM wants to meet demand while minimizing this inventory cost. Formulate a time-phased LP with infinite time horizon. Find the optimum solution using any solver

Practical Management Science
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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GM manufactures bikini swimming suits. Their business is highly seasonal, with expected demands being 2800, 500, 100, and 850 dozen suits over the four quarters of next year. The company can produce 1200 dozen suits per quarter, but inventories must be built up to meet larger demands at a cost of $15 per dozen per quarter. GM wants to meet demand while minimizing this inventory cost. Formulate a time-phased LP with infinite time horizon. Find
the optimum solution using any solver

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