Business, 06.08.2021 04:30, ksiandua07

A manufacturer provides specialized microchips. During the next 3 months its sales, costs, and available time are Month 1 Month 2 Month 3 Chips required 1000 2500 2200 Cost regular time ($/chip) 100 110 120 Cost overtime ($/chip) 110 120 130 Max regular operation time (hr) 2400 2400 2400 Max overtime (hr) 720 720 720 There are no chips in stock at the beginning of first month. It takes 1.6 hr of production time to produce a chip and costs $5 to store a chip from one month to the next. Determine a production schedule that meets the demand requirements, does not exceed the monthly production time limitations, and minimizes cost. Note that no chips should be in stock at the end of the 3 months. Hint: The decision variables are the number of chips to produce each month in regular and over time 10 and number of chips to store in month 1 and 2 for a total of 8 decision variables (4 points).

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A manufacturer provides specialized microchips. During the next 3 months its sales, costs, and avail...