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1 . ?The manufacturing department of the Thomas Lee Company is planning its production level over the next twelve months. Based on orders received and

1 . ?The manufacturing department of the Thomas Lee Company is planning
its production level over the next twelve months. Based on orders received
and sales forecasts provided by the marketing department, the estimate of
monthly demand forecast for the twelve - month period is as follows:
Month
Forecasted Demand ( 0 0 0 ) ?
1 2 3 4 5 6 ?
1 6 1 9 1 0 1 6 1 8 1 7 ?
The monthly unit holding cost is $ 4 , ?the cost of hiring a worker is $ 3 0 0 0 ; the
cost of laying off a worker is $ 2 0 0 0 . ?Regular employee works 4 0 ?hours per
week with monthly salary of $ 3 2 0 0 ?and the cost of utilizing overtime is 1 . 5 ?
times the regular time labor cost. Each worker can produce 5 0 ?units per
month during regular time and each worker can work no more than 1 0 ?hours
of overtime per week. Current starting inventory is 5 0 0 ?units, the initial
workforce level is 1 5 0 ?and the maximum physical production capacity is
2 0 0 0 0 ?units per month. We may assume that there are 4 ?weeks in a month.
Thomas Lee would like to find the optimal ( i . e . , ?least cost ) ?production plan.
( a ) ?Formulate a linear program to solve this problem. Define
your decision variables and explain the constraints.
( b ) ?Solve the linear program. i need with answers in excel format with tabular column. please solve this in excel sheet. answer with numbers

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