Formulate the problem as a linear programming model

Assignment Help Operation Management
Reference no: EM1386197

The Shop at Home Network sells various household goods during live TV broadcasts. The company owns several warehouses to hold many of the goods it sells but also leases extra warehouse space when needed. During the next five months the company expects that it will need to lease the following amounts of extra warehouse space:

Month 1 2 3 4 5
Sq. ft. needed 20,000 30,000 40,000 35,000 50,000

At the beginning of any month, the company can lease extra space for one or more months at the following costs:

Lease term (months) 1 2 3 4 5
Cost per sq. ft. leased \$55 \$95 \$130 \$155 \$185

So, for instance, at the start of month 1 the company can lease as much space as it wants for 4 months at a cost of \$155 per square foot. The company wants to know the least costly way of meeting its warehousing needs over the coming 5 months.

a. Formulate the problem as a linear programming model (i.e. define the variables, and write down the objective function and all constraints in algebraic form).

Questions Cloud

 David is the president of a manufacturing facility : David is the president of a manufacturing facility, a producer of Go kart tires. He makes 1,000 tires per day with the following resources. Labor: 400 hours per day @ \$12.00 per hour Difference between monoecy and dioecy : Assume 2-students are doing a poster on the Amazon Water Lily for a class project and have compiled research to determine if it is in actuality a land plant or an algae. Discuss difference between monoecy and dioecy Brain research to a classroom setting : Critically discuss some specific ways that you have (or could) apply brain research to a classroom setting in order to increase student learning? Mean-standard deviation of company total cost for shipping : It costs ABC \$0.5 per pound to ship the box containing the weights. Because it's an odd-shaped package, though, shipping the bar costs \$0.6 per pound plus a \$10 surcharge. Find the mean and standard deviation of the company's total cost for shippi.. Formulate the problem as a linear programming model : Formulate the problem as a linear programming model (i.e. define the variables, and write down the objective function and all constraints in algebraic form). Alternation of generations : John Thompson wishes to start his own horticulture business. He has no experience with owning his own business and doesn't know where to start. and discuss and define  the Alternation of Generations. Construct an aon network for these activities : The activities needed to build an experimental chemical contaminant tracking machine at Charlie Cook Corp. are listed in the following table. Construct an AON network for these activities. Develop program for concrete class in hierarchy : Develop program which reference objects of each concrete (non-abstract) class in hierarchy. Write down abstract method "display" which determines whether displayed shape is TwoDimensionalShape. What are the total costs of delivering style : What are the total costs of delivering Style A hats to the port of importation? What are the total costs of delivery for Style B hats to the port of importation?

Write a Review

Despite no scientific or empirical data to support the trait

Despite no scientific or empirical data to support the trait approach to leadership, many still believe there is an association between leadership behavior and certain traits.

Find out the one-step-ahead forecasts for february

Find out the one-step-ahead forecasts for February through May using Exponential smoothing with a smoothing constant of α = 0.15. Repeat the calculation.

Get some practice using minitab to reproduce pie chart

Under this thread, is there a difference in previous use of ethics consultations (PREVUSE) for different medical specialties represented in our sample of doctors.

Discuss importance of combining value and performance

Which is more likely to have greatest impact - internal or external. Explain your reasoning. Discuss importance of combining value and performance when establishing organizational culture.

Describe how many agents should global staff

Since the deregulation of the airline industry, fierce competition has forced Global Airlines to re-examine their operations for efficiency also economy. Describe how many agents should Global staff.

Age into account when making employment decisions

Do not take age into account when making employment decisions. Understand the purpose of the Age Discrimination in Employment Act.

The president of a small manufacturing firm

The president of a small manufacturing firm is concerned about the continual growth in manufacturing costs in the past several years. The data series of the cost per unit for the firm's leading product

Dale emerson served as the chief financial officer

Dale Emerson served as the chief financial officer for Reliant Electric Company, a distributor of electricity serving portions of Montana and North Dakota

The Cowboy Saddle Company manufactures plastic saddles that are used in the assembly process of their Mr. Ed doll. If the run time for producing a batch of saddles is 4 days

Sequence of operations in multiple operations

The jobs that consist of multiple operation, what states the sequence in which those operations must be performed?

Why is it difficult for labor negotiators to switch

Why is it difficult for labor negotiators to switch from traditional to integrative bargaining? What recommendations would you make for negotiators trying to make this switch

Identify at least five online sources rccp

Identify at least five online sources describing Rough-cut Capacity Planning (RCCP) or Capcity Requirements Planning (CRP) in manufacturing