BIT 3414 Lecture Notes - Lecture 9: Production Planning, Dihydrogen Cation

• School: Virginia Tech
• Department: Business Information Technology
• Course: BIT 3414
• Professor: L L Clark

Document Summary

The optimal solution for an aggregate production plan can be found with a linear programming model. Rt = units produced w/ regular production in period t. Ot = units produced w/overtime production in period t. St = units produced w/ subcontracted production in period t. It = inventory at end of period t. Consider a trial and error table for a mixed strategy of level production, overtime, and. Overtime, and subcontracting strategies with a linear programming model. Inventory cost = sh. 50 / unit / quarter. Production per employee = 1,000 units / quarter. The company would like to determine the optimal mixture of the level production and chase. Demand strategies with a linear programming model (assume no capacity limitations). 3: r3 + i2 i3 = 70,000. 4: r4 + i3 i4 = 90,000. + 200 h1 + 200 h2 + 200 h3 + 200 h4. + 500 f1 + 500 f2 + 500 f3 + 500 f4.