A large electronics manufacturing firm that produces a single product is faced with rapid sales…

 A large electronics manufacturing firm that produces a single product is faced with rapid sales growth. Its planning group is developing an overall capacity-expansion strategy, that would balance the cost of building new capacity, the cost of operating the new and existing facilities, and the cost associated with unmet demand (that has to be subcontracted outside at a higher cost).

 The following model has been proposed to assist in defining an appropriate strategy for the firm.

Decision variables

 Yit                                      A binary integer variable that will be 1 if a facility exists at site i in period t, and 0 otherwise.

(I Y )it                                A binary integer variable that will be 1 if facility is constructed at site i in period                                               t, and 0 otherwise.

 Ait                                    Capacity (sq ft) at site i in period t.

 (I A)it                               The increase in capacity at site i in period t.

 (D A)it                              The decrease in capacity at site i in period t.

 Pit                                     Total units produced at site i in period t.

Ut                                      Total unmet demand (subcontracted) units in period t.

                                          Forecast parameters

Dt                                     Demand in units in period t.

 Cost parameters–Capacity

 sit                                      Cost of operating a facility at site i in period t.

 dit                                     Cost of building a facility at site i in period t.

ait                                      Cost of occupying 1 sq ft of fully equipped capacity at site i in period t.

bit                                     Cost of increasing capacity by 1 sq ft at site i in period t.

Cit                                    Cost of decreasing capacity by 1 sq ft at site i in period t.

 Cost parameters–Production 

Ot                                      Cost of unmet demand (subcontracting + opportunity cost) for one unit in period                                             t.

 vit                                     Tax-adjusted variable cost (material + labor + taxes) of producing one unit at site                                             i in period t.

 Productivity parameters

 (pa)it                                Capacity needed (sq ft years) at site i in period t to produce one unit of the                                                       product.

Policy parameters

Fit, Fit                                 Maximum, minimum facility size at site i in period t (if the site exists).

Git                                       Maximum growth (sq ft) of site i in period t.

 Objective function

The model’s objective function is to minimize total cost:

A large electronics manufacturing firm that produces a single product is faced with rapid sales...-1

 

Description of constraints

1. Demand constraint

A large electronics manufacturing firm that produces a single product is faced with rapid sales...-2

 2. Productivity constraint

A large electronics manufacturing firm that produces a single product is faced with rapid sales...-3

 3. Facility-balance constraint

A large electronics manufacturing firm that produces a single product is faced with rapid sales...-4

4. Area-balance constraint

 A large electronics manufacturing firm that produces a single product is faced with rapid sales...-5

5. Facility-size limits

A large electronics manufacturing firm that produces a single product is faced with rapid sales...-6

 6. Growth constraint

A large electronics manufacturing firm that produces a single product is faced with rapid sales...-7

 7. Additional constraints

A large electronics manufacturing firm that produces a single product is faced with rapid sales...-8

All variables nonnegative. Explain the choice of decision variables, objective function, and constraints. Make a detailed discussion of the model assumptions. Estimate the number of constraints, continuous variables, and integer variables in the model. Is it feasible to solve the model by standard branch-and-bound procedures?

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Online Academic Experts
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Psychology
Came in as promissed. Good paper.
Customer 453027, January 6th, 2022
Psychology
quick and before due date/time.
Customer 453027, January 29th, 2022
English 101
very good paper thank you.
Customer 453083, February 18th, 2022
English 101
great summery in terms of the time given. it lacks a bit of clarity but otherwise perfect.
Customer 452747, June 9th, 2021
Nursing
thank you so much
Customer 452749, June 10th, 2021
Business Studies
Thank you very much for a good job done and a quick turn around time.
Customer 452615, March 31st, 2021
English 101
thank you for the excellent work
Customer 452883, October 29th, 2021
Professions and Applied Sciences
Thanks. This helps a lot. Was a bit late but some cushion was given.
Customer 453015, February 10th, 2022
Management
It's the second time I use this service and it does not let me down. Work quality is so good for its price!
Customer 452985, December 3rd, 2021
Human Resources Management (HRM)
I finished the first deliverable of a project presentation but had no time to finish my second deliverable. The writer revamped my first deliverable and made it much more appealing! Not only was I impressed with the content but I was so grateful for the time they took to redo the background. I have been under a lot of pressure at work and at home so this has been a great service when I have had little time! I appreciate the detail and help! Always on time and always exceeding expectations!
Customer 453077, April 5th, 2022
Education
N/A
Customer 453057, May 23rd, 2022
Humanities
Thank youuuu
Customer 452729, May 30th, 2021
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat
AllEscortAllEscort
Live ChatWhatsApp
AllEscort