1 / 7

Demand

Demand. Based on problem 4.15 from Glover, Klingman, and Phillips. Assumptions (Version 1). Product will be discontinued after June. So, no there is no need to hold inventory after June. Production cost $10/unit Inventory holding cost = $0.5/unit per month

neka
Download Presentation

Demand

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Demand Based on problem 4.15 from Glover, Klingman, and Phillips

  2. Assumptions (Version 1) • Product will be discontinued after June. So, no there is no need to hold inventory after June. • Production cost $10/unit • Inventory holding cost = $0.5/unit per month • At most 200 units can be produced each month • No back ordering

  3. 0.5 0.5 0.5 0.5 0.5 jan feb mar apr may jun -100 -150 -200 -100 -200 -150 MCNFP Formulation 900 s (c=10,u=200)

  4. Assumptions (Version 2) • Product will be discontinued after June. So, no there is no need to hold inventory after June. • Production cost $10/unit in regular time and $12/unit in overtime • Inventory holding cost = $0.05/unit per month

  5. Assumptions (Version 2) • At most 100 units can be produced each month in regular time • 75 units/month can be produced in overtime. • No back ordering

  6. 0.5 0.5 0.5 0.5 0.5 jan feb mar apr may jun -100 -150 -200 -100 -200 -150 MCNFP Formulation 900 s (c=10,u=100) OT (c=12,u=75)

  7. jan feb mar apr may jun -100 -150 -200 -100 -200 -150 Solution 300 s 100 100 100 100 100 100 25 25 75 75 25 50 75 OT

More Related