Stats Solutions

Solution: The Digital Company produces two type of hardware gadgets for the computer industry. The Super Duper(SD) and the Extra Turbo(ET). The production

Question: The Digital Company produces two type of hardware gadgets for the computer industry. The Super Duper(SD) and the Extra Turbo(ET). The production manager once informed that his new employee took linear programming in college, drops the following information on his/her desk requesting a solution of this problem within 24 hours. Help yourself and your career by solving the problem with the information given to you below.

Computer
Models 		Beginning Inventory Production
Time 		Production
Cost 		Inventory Cost
Super Duper 100 1.3 hrs $10 $.20
Extra Turbo 150 .9 hrs $11 $.15
Months Production Time Monthly Demand
Super Duper 		Monthly Demand
Extra Turbo
October 2240 700 1200
November 3000 1000 1400
December 3000 1100 1400

Develop a model that would specify the optimal production each month. You are to minimize total cost(production and inventory cost). Inventory cost will be levied on any items in inventory on Oct 31, Nov. 30, Dec. 31 after demand for the month has been satisfied. The company wants at the end of December to have on hand 450 units of Super Duper and 300 units of ET.

Price: $2.99
Solution: The downloadable solution consists of 6 pages
Deliverable: Word Document


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