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1 Problem Statement A company has contracted to produce two products: A and B, over the months of June; July, and August: The total production
1 Problem Statement A company has contracted to produce two products: A and B, over the months of June; July, and August: The total production capacity (expressed in hours) varies monthly. The following table provides the basic data of the situation: June July August Demand for A (units) 500 500 750 Demand for B (units) 1000 1200 1200 Capacity (hr) 3000 3500 3000 The production rates in units per hour are 0.75 and 1 for products A and B, respectively: All demand must be met. However; demand for a later month may be filled from the production in an earlier one. For any carryover from one month to the next; holding costs of $0.90 and 80.75 per unit per month are charged for products A and B, respectively. The unit production costs for the two products are 30 and 28 for A and B, respectively. Develop an LP model to determine the optimum production schedule for the two products and find the optimum solution using Python
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