Formulate the aggregate plan using linear programming
What will be an ideal response?
Answer: Using the variables R = ; O = ;
S = ; I = ; EI = ending inventory
Min Cost = 5R + 7.5O + 9S + 2I
Subject to:
O ≤ 300
S ≤ 300
EIi ≥ 0 for all periods i = 1 to 5
regular productioni ≤ 600 for all periods i = 1 to 5
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