Question: Linear programming ( Production Planning ) BAYNOUNA , Inc. is a company that produces two products, bicycle model A and bicycle model B , over
Linear programming Production Planning
BAYNOUNA Inc. is a company that produces two products, bicycle model A and bicycle model B over a threemonth planning horizonJanuary February, and March. The goal is to meet forecasted demand for both products each month while minimizing total production and maintenance costs. Forecasted demand for product bicycle model A is units in January, in February, and in March, totaling units. For product bicycle model B the forecasted demand is units in January, in February, and in March, totaling units. The initial stock is units of product bicycle model A and units of product bicycle model B and a minimum ending stock of units for product bicycle model A and units for product bicycle model B is required. Production costs are per unit for product bicycle model A and per unit for product bicycle model B with a maintenance cost of of the production cost per unit each period. The production is constrained by resource availability: machine hours and manhours, with monthly capacities and specific requirements per unit produced. Machine capacities are hours in January, in February, and in March, while available manhours are and for the three respective months. Each unit of product bicycle model A requires machine hours and manhours, while each unit of product bicycle model B requires machine hours and manhours. The objective is to minimize costs subject to demand satisfaction, stock requirements, and resource constraints. Use Linear Programming for modeling this problem.
Managerial Report: Perform an analysis to BAYNOUNA, Inc. case, and prepare a report that summarizes your ndings and recommendations. Include the following items in your report:
Identify the problem in the BAYNOUNA, Inc. Case using the available information.
What are the key assumptions surrounding the business situation in this case?
Develop the LP model for this problem.
Solve the LP model to find the optimal solution. What is the corresponding value of the objective function?
Analyze the results.
Include the details of your analysis using QM for Windows or Excel QM
Please give your answer with the complete calculation from Excel. QM screenshot will do but please add it
I need the answer by today This is urgent request
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