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Green Valley Gardens ( GVG ) is a small floral shop in a suburban town. They specialize in creating custom floral arrangements for various occasions.

Green Valley Gardens (GVG) is a small floral shop in a suburban town. They specialize in creating custom floral arrangements for various occasions. The time required to assemble one floral arrangement is 30 minutes, and the cost per arrangement is $50. GVG employs four florists, each working eight-hour shifts, five days a week (assume four weeks per month). The estimated demand for the next five months is as follows:
Month 1: 10 arrangements
Month 2: 15 arrangements
Month 3: 5 arrangements
Month 4: 20 arrangements
Month 5: 7 arrangements
GVG wants to maintain a minimum of three arrangements in inventory at all times. The current inventory is five arrangements. The inventory holding cost is 15% of the production cost.
Therefore, the inventory holding cost is ($50)(0.15)=$7.5. Create and solve an optimization model to determine the optimal number of floral arrangements to assemble each month, aiming to minimize the total cost while meeting the expected demand.

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