16 Feb Write the algebraic formulation of Case 6.1 (Giant Motor Company) in your textbook and solve using Excel or GAMS, and report you
Write the algebraic formulation of Case 6.1 (Giant Motor Company) in your textbook and solve using Excel or GAMS, and report your findings.
Model
| Giant Motor Company | |||||
| Assumptions | |||||
| The Lyra and/or Libra plants can be retooled | |||||
| The Hydra plant must stay open and cannot be retooled | |||||
| There is no incentive to produce more than demand | |||||
| Plant characteristics | |||||
| Lyra | Libra | Hydra | New Lyra | New Libra | |
| Capacity (in millions) | 1 | 0.8 | 0.9 | 1.6 | 1.8 |
| Fixed cost (in $billions) | 2 | 2 | 2.6 | 3.4 | 3.7 |
| Profit margin (in $1000s) per car (large negative numbers mean the plant can't make that car) | |||||
| Lyra | Libra | Hydra | New Lyra | New Libra | |
| Lyra | 2 | -100 | -100 | 2.5 | 2.3 |
| Libra | -100 | 3 | -100 | 3 | 3.5 |
| Hydra | -100 | -100 | 5 | -100 | 4.8 |
| Demand (in millions) | |||||
| Lyra | 1.4 | ||||
| Libra | 1.1 | ||||
| Hydra | 0.8 | ||||
| Demand diversion matrix (from along side, to along top) | |||||
| Lyra | Libra | Hydra | |||
| Lyra | NA | 0.3 | 0.05 | ||
| Libra | 0 | NA | 0.1 | ||
| Hydra | 0 | 0 | NA |
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