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Alpha - Beta, Inc., needs to schedule the weekly production of widgets and gadgets for the next 4 weeks. The production of widgets and gadgets

Alpha-Beta, Inc., needs to schedule the weekly production of widgets and gadgets for the next 4 weeks. The production of widgets and gadgets requires machining a single raw material. Each widget requires 2 pounds of raw material and 24 minutes of machine time; each gadget requires 2.4 pounds of raw material and 18 minutes of machine time. Each pound of raw material currently costs $2.10, but the price is expected to rise $0.20 per pound each week. There is no storage area available for raw material and Alpha-Beta must purchase the raw material used in a given week during that week. The total machine time available during each week is 120 hours at a cost of $18 per hour. In addition, 40 hours of overtime are available each week at a cost of $30 per hour. However, the cost of a machine-hour is expected to rise 10% during the last week. The projected weekly demands for widgets are 100,120,200,150 units, and the weekly demands for Gadgets are 80,90,115,160 units. A maximum of 40 units of excess production can be stored from one week to the next at a cost of $3 per unit. Assuming that beginning inventory levels are zero, develop a linear programming model to determine the optimal production and inventory schedules.
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