Which operations management application model is most likely to have an objective function that minimizes the sum of manufacturing costs,purchasing costs,and overtime costs?
A)blending
B)make-or-buy decision
C)workforce assignment
D)production scheduling

Question

Quizplus · Accepted Answer

The make-or-buy decision model focuses on determining whether it is more cost-effective to produce goods in-house or purchase them from an external supplier. This model inherently considers manufacturing costs (if made in-house), purchasing costs (if bought), and potentially overtime costs if the decision impacts the need for additional labor hours to meet production demands.

Which Operations Management Application Model Is Most Likely to Have