Question: Objective Function: In this optimization problem, the objective function is to maximize the profit of the company over the two month period which is calculated


Objective Function: In this optimization problem, the objective function is to maximize the profit of the company over the two month period which is calculated by taking into account the revenue being generated as well as the cost that is being incurred by the company. Maximize Profit, Z = Total revenue generated in 2 months - Total Cost for 2 months where, Total Cost = Manufacturing, Packaging and Assembly cost for 2 months + Inventory Cost for the first month Therefore, Z=2=1&)-1{ Rij ( Xij + Yij ) - (XijCijl + YijCij2 ) - lij ( Xij Dmax(ij)) } Where Yij-Dmin - (Xij-Dmax(i)) Max Z- =1)={ Rij (Xij + Yij) - (XijCil + YijCij2) - li (Xij - Dmax(i))} Subject to: : Labour Constraints: =1 ., LijXij = 12,000 =1 ., LijYij =Dmin(ii) for i=1 to 9, j-1,2,3 For the second month: Xij-Dmax(ij) + Yij >=Dmin(ij) & Xij-Dmax(i) +Yij = 0 Integer Constraint: All Xij and Yij should be integers. Objective Function: In this optimization problem, the objective function is to maximize the profit of the company over the two month period which is calculated by taking into account the revenue being generated as well as the cost that is being incurred by the company. Maximize Profit, Z = Total revenue generated in 2 months - Total Cost for 2 months where, Total Cost = Manufacturing, Packaging and Assembly cost for 2 months + Inventory Cost for the first month Therefore, Z=2=1&)-1{ Rij ( Xij + Yij ) - (XijCijl + YijCij2 ) - lij ( Xij Dmax(ij)) } Where Yij-Dmin - (Xij-Dmax(i)) Max Z- =1)={ Rij (Xij + Yij) - (XijCil + YijCij2) - li (Xij - Dmax(i))} Subject to: : Labour Constraints: =1 ., LijXij = 12,000 =1 ., LijYij =Dmin(ii) for i=1 to 9, j-1,2,3 For the second month: Xij-Dmax(ij) + Yij >=Dmin(ij) & Xij-Dmax(i) +Yij = 0 Integer Constraint: All Xij and Yij should be integers
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