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Linear Programming - Analytical Methods of Supply Chain Management
The Tots Toys Company is trying to schedule production of two very popular toys for the
next three months: a rocking horse and a scooter. Information about both toys is given
Develop a linear programming model that would tell the company how many of each toy
to produce during each month. You are to minimize total cost (production cost + holding
cost). Inventory holding cost will be levied on any items in ending inventory on June 30,
July 31, or August 31 after demand for the month has been satisfied. The company wants
to end the summer with 85 rocking horses and 50 scooters as beginning inventory for
Questions: How many of each toy will be produced each month? What will the total
cost equal? Be sure to specify that all variables are integer.
Define the decision variables, the objective function, and the constraints within your
answer to this question. Then, solve the model using Excel Solver. Finally, copy your
spreadsheet into the appendix of your Word report and submit your Excel file to the
The solution does a great job of answering the question. The solution is brief and concise and very easy to follow along. All the steps are clearly shown and Excel formulas are provided so that the student can answer similar questions in the future. It can be easily understood by anyone with a basic understanding of the topic. Overall, an excellent solution.