A manufacturing company has hours of regular labor and hou…
Questions
A mаnufаcturing cоmpаny has hоurs оf regular labor and hours of temporary labor available each month to produce products and . Regular labor costs $ per hour and temporary labor costs $ per hour. In one hour of labor (whether for a regular or temporary worker) a worker can produce units of product and units of product . The company is planning its production schedule for the next three months. At the end of each month , a demand of units of product must be met, on time, for and . Products can be made ahead of time and stored. Any leftover products (of type and ) at the end of month are stored at a cost of $ per unit. Write a linear program to minimize cost of meeting demands on time. Be sure to briefly describe decision variables, objective, and constraints in words.
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