Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Need help with the Lingo programming for this exercise.

 

Calpal is a small manufacturer of a special engineering workstation. The company operates one plant with a monthly capacity of 3,000 units. In addition, 750 units can be produced on an overtime basis, which is 30% more expensive, on the average. The labor cost when producing a regular time is $1,000; it is $1,300 on overtime (per workstation produced). The company may use inventories to reduce fluctuations in production, but carrying inventories costs money. The cost of carrying one finished unit in inventory is $80 per unit per month. Management is preparing a six-month production plan with the following stipulations: a. All demand must be met according to the following schedule: Month 1 2 3 4 5 6 Units 2,500 3,200 3,800 3,500 5,000 3,000 b. There should be no inventory left at the end of the sixth month. c. There is no inventory at the present time. The problem is to find the production schedule for the next six months that minimizes total cost.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91630539

Have any Question?


Related Questions in Operation Management

1 plans in which employees can earn additional compensation

1. Plans in which employees can earn additional compensation in return for certain types of performance are called? incentive systems. base pay. performance management systems. performance appraisal systems. compensation ...

Assignment learning assessment system assignmentyou are

Assignment : Learning Assessment System Assignment You are interviewing for your dream job as an I/O psychologist. As part of your interview, you have been asked to present a PowerPoint presentation to search committee, ...

In february 2015 walmart announced that it is increasing

In February 2015, Walmart announced that it is increasing wages to just over $10 an hour for all employees. This wage is now substantially higher than the federal minimum wage but still below the $15 an hour rate recomme ...

According to the retail section process model spiggle and

According to the Retail Section Process Model (Spiggle and Sewall 1987), it is assumed that consumers follow five steps before the purchase of any product at the selected retail store: awareness, evoked, action, interact ...

1 all else being equal if a nation decided to intervene in

1. All else being equal, if a nation decided to intervene in free trade anyways, which of the following policy options would be most beneficial to the country and which would be the least beneficial? Please explain your ...

Research and choose a public health hospital nursing home

Research and choose a public health, hospital, nursing home or other health care quality or performance improvement issue or problem. Write a 3-5 page paper on how you would go about improving this problem. What types of ...

1 what are the key differences between academic and

1. What are the key differences between academic and business writing? How can you incorporate your own style into business writing in order to stand out? Why is it important to pay attention to the ways in which others ...

Telso is a good example and why companies need to

Telso is a good example and why companies need to continuously work on developing new products add to their existing product line or to replace old products that are moving through their life cycle. When spelling out the ...

1 what are the key tenets of teamwork and communication

1. What are the key tenets of teamwork and communication? Compare and contrast the two. 2. Discuss application/uses of Johari Windo's model of communication. 3. Describe a generic strategie that pepsico use , also altern ...

Complete the following assignment in a paper of

Complete the following assignment in a paper of approximately 750 words Create a job description for the role of supervisor of a customer service call center. Include the following sections: Basic role purpose: What are ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As