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    Equation

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    Shrey Mangal
    This document presents a linear programming model for production planning over 12 periods for two products. The objective is to maximize total income from sales minus total costs, which include labor costs, overtime costs, hiring costs, and inventory holding costs. There are constraints on the available workforce each period, production capacity each period, sales not exceeding production plus starting inventory each period, and inventory balances being determined by production, sales and previous inventory each period.

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    Equation

    Uploaded by

    Shrey Mangal
    22 views1 page
    This document presents a linear programming model for production planning over 12 periods for two products. The objective is to maximize total income from sales minus total costs, which include labor costs, overtime costs, hiring costs, and inventory holding costs. There are constraints on the available workforce each period, production capacity each period, sales not exceeding production plus starting inventory each period, and inventory balances being determined by production, sales and previous inventory each period.

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    This document presents a linear programming model for production planning over 12 periods for two products. The objective is to maximize total income from sales minus total costs, which include labor costs, overtime costs, hiring costs, and inventory holding costs. There are constraints on the available workforce each period, production capacity each period, sales not exceeding production plus starting inventory each period, and inventory balances being determined by production, sales and previous inventory each period.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    22 views1 page

    Equation

    Uploaded by

    Shrey Mangal
    This document presents a linear programming model for production planning over 12 periods for two products. The objective is to maximize total income from sales minus total costs, which include labor costs, overtime costs, hiring costs, and inventory holding costs. There are constraints on the available workforce each period, production capacity each period, sales not exceeding production plus starting inventory each period, and inventory balances being determined by production, sales and previous inventory each period.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Dit = Demand of product i in period t, i=1..

    2, t=112
    Xit = Production on regular time of product i in period t, i=1..2, t=112
    Iit = Inventory of product i at the end of period t, i=1..2, t=112; I i0 = 0 for
    all i
    Sit = Sales of product i at the end of period t, i=1..2, t=112
    Wt = Work Force in period t t= 112; W0 = 200
    Ht = Hired in period t t= 112
    Oit = Overtime hours for product i in period t i=1..2, t= 112; O 1t+O2t
    40Wt
    All variables 0
    s.t.
    Workers Wt = Wt-1 +Ht for all t
    Work 5X1t + 1X2t O1t+O2t + 160Wt for all t
    Sales X1t + O1t/5+ I1t-1 S1t for all t
    Sales X2t + O2t/1 + I2t-1 S2t for all t
    Sales Sit Dit for all i and all t

    Inventory I1t I1t-1 + X1t + O1t/5 S1t = 0 for all t

    Inventory I2t I2t-1 + X2t +O2t/1 S2t = 0 for all t

    12 12

    Income 350 S 1 t +45 S2 t


    t=1 t =1

    12 2 12

    Cost [ 3800 W t +36 ( O1 t +O2 t )+5000 H t ] + I it


    t =1 i=1 t =1

    Maximize Income - Cost

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