BBest Ink Printing Co

question 9

Essay

BBest Ink Printing Co. received an order to print a minimum of 50,000 tickets for a concert. They have three printing machines available to meet the order they received. The set-up cost of these machines and the unit cost/ticket printed using each machine along with their maximum production are provided in the table below:
a. Formulate a binary integer linear programming model to find two machines that could be used to print the required number of tickets in order to minimize the cost.
b. Solve the problem in part a.

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Definitions:

Product Layout

An arrangement where production equipment is organized according to the sequential order of the product's assembly steps, optimizing efficiencies in mass production.

Assembly Line Balancing

The process of assigning tasks to workstations in an assembly line to minimize idle time and optimize throughput.

Ranked Positional Weight

A method used in operations research and decision-making that assigns weights to positions or rankings based on their order to determine overall priorities or outcomes.

Cycle Time

The total time from the beginning to the end of a process, indicating the speed at which a system produces an output.