Formulate the inventory balance constraint for an aggregate…
Formulate the inventory balance constraint for an aggregate planning problem, where t – time period, Dt – demand, It – end-of-period inventory, Pt – production quantity, Ct – subcontracted quantity, and St – end-of-period stock-out/backlog.
Read DetailsIn the context of decision tree methodology, calculate the e…
In the context of decision tree methodology, calculate the expeceted profit. With a probability of 0.6 revenues are $11,500, and variable costs are $6,325, and with a probability of 0.4 revenues are $7,200, and variable costs are $3,960. Fixed costs on a per period basis are $1,000.
Read Details