PART II (65 marks) Based on the solution to the LP problem: (a) What strategies should Peters employ in determining the coal-procurement plan for November? Provide a detailed analysis of the base-case optimal solution, e.g., Supply (vendors) Plants Quality requirements Etc. (b) Help Peters address the issues of long-term contracts. Questions you may want to address, but are not limited to, Effect of reducing the long-term contract from 80% to 65%. Strategies to implement the new policy (how to reduce the long-term contract for each vendor) (c) Help Peters address the safety stock issues (reduction of 5% in the Btus requirement). (d) What are your recommendations to Peters? Remark: This part is far beyond reading the optimal solution from Lingo. You are asked to provide deep and solid analysis. You may want to extensively use sensitivity analysis, re-optimization and define reasonable scenarios to provide recommendations to Peters for his business problem. To submit: A detailed report including tables that summarize your findings, discussions and interpretations of the findings, as well as business answers to Peters' decision-making problem. Etc. Be creative! PART II (65 marks) Based on the solution to the LP problem: (a) What strategies should Peters employ in determining the coal-procurement plan for November? Provide a detailed analysis of the base-case optimal solution, e.g., Supply (vendors) Plants Quality requirements Etc. (b) Help Peters address the issues of long-term contracts. Questions you may want to address, but are not limited to, Effect of reducing the long-term contract from 80% to 65%. Strategies to implement the new policy (how to reduce the long-term contract for each vendor) (c) Help Peters address the safety stock issues (reduction of 5% in the Btus requirement). (d) What are your recommendations to Peters? Remark: This part is far beyond reading the optimal solution from Lingo. You are asked to provide deep and solid analysis. You may want to extensively use sensitivity analysis, re-optimization and define reasonable scenarios to provide recommendations to Peters for his business problem. To submit: A detailed report including tables that summarize your findings, discussions and interpretations of the findings, as well as business answers to Peters' decision-making problem. Etc. Be creative