Anticipated demands for a five-period planning horizon are 14, 3, 0, 26, 15. Current starting inventory is four units, and the inventory manager would like to have eight units on hand at the end of the planning horizon. Assume that h = 1 and K = 30. Find the optimal production schedule. (Hint: Modify the first and the last period’s demands to account for starting and ending inventories.)

Anticipated demands for a five-period planning horizon are 14, 3, 0, 26, 15. Current starting inventory is four units, and the inventory manager would like to have eight units on hand at the end of the planning horizon. Assume that h = 1 and K = 30. Find the optimal production schedule. (Hint: Modify the first and the last period’s demands to account for starting and ending inventories.)

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter3: Introduction To Optimization Modeling

Section3.8: A Multiperiod Production Model

Problem 22P

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