MyCompany is interested in producing MyProduct. Because MyP…
MyCompany is interested in producing MyProduct. Because MyProduct is a new product, MyCompany should hire some workers and also need to make a production plan to satisfy its demand per quarter. In light of this observation, MyCompany is interested in developing a linear program that minimizes its total annual cost. Additional Information: MyCompany is expected to pay $30k per year to each worker. Each worker is expected to work for 3 consecutive/contiguousquarters per year and rest in the remaining quarter. For example, if a worker works in quarters 2,3, and 4 then he/she does not work in quarter 1. Each worker produces 400 units of MyProduct per quarter. The demand for MyProduct is 1800 units for quarter 1, 900 units for quarter 2, 2400 units for quarter 3, and 300 units for quarter 4. MyCompany can put the additional units of MyProduct in an inventory but with an additional cost. The inventory cost is $500 per unit (of MyProduct) per quarter. The inventory must be empty at the end of quarter 4.
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