The production planning period for flat-screen monitors at Louisiana's Rao Electronics, Inc., is 4 months. Cost data are as follows: Regular-time cost per monitor Overtime cost per monitor Subcontract cost per monitor $60 $110 $150 $4 Carrying cost per monitor per month For each of the next 4 months, capacity and demand for flat-screen monitors are as follows: Period Month 3 Month 1 2,000 Month 2 2,500 Month 4 2,200 1,300 Demand Capacity Regular time 1,600 1,600 650 1.600 400 400 100 500 Overtime Subcontract 700 600 700 600 *Factory closes for 2 weeks of vacation. CEO Mohan Rao expects to enter the planning period with 400 monitors in stock. Backordering is not permitted (meaning, for example, that monitors produced in them cover first month's demand).

The production planning period for flat-screen monitors at Louisiana's Rao Electronics, Inc., is 4 months. Cost data are as follows: Regular-time cost per monitor Overtime cost per monitor Subcontract cost per monitor $60 $110 $150 $4 Carrying cost per monitor per month For each of the next 4 months, capacity and demand for flat-screen monitors are as follows: Period Month 3 Month 1 2,000 Month 2 2,500 Month 4 2,200 1,300 Demand Capacity Regular time 1,600 1,600 650 1.600 400 400 100 500 Overtime Subcontract 700 600 700 600 *Factory closes for 2 weeks of vacation. CEO Mohan Rao expects to enter the planning period with 400 monitors in stock. Backordering is not permitted (meaning, for example, that monitors produced in them cover first month's demand).

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter6: Optimization Models With Integer Variables

Section: Chapter Questions

Problem 61P

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