Wes Wheeler Is the Production Manager of Wheeler Wheels, Inc

question 17

Essay

Wes Wheeler is the production manager of Wheeler Wheels, Inc. Wes has just received orders for 1,000 standard wheels and 1,250 deluxe wheels next month and for 800 standard and 1,500 deluxe wheels the following month. All orders are to be filled.
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The cost of producing standard wheels is $10 and deluxe wheels is $16. Overtime rates are 50% higher. There are 1,000 hours of regular time and 500 hours of overtime available each month. It takes .5 hour to make a standard wheel and .6 hour to make a deluxe wheel. The cost of storing one wheel from one month to the next is $2.
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Wes wants to develop a two-month production schedule for standard and deluxe wheels. Formulate this production planning problem as a linear program.

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Definitions:

Stored Items

Objects or information kept or filed away for future use or reference.

Short-term Memory

Short-term memory refers to the capacity for holding a small amount of information in an active, readily available state for a short period of time.

Working Memory

The memory subsystem that we use when we try to understand information, remember it, or use it to solve a problem or communicate with someone.

Tertiary Memory

A term sometimes used to describe long-term storage of information that is not in active use but can be accessed when required.