Question: Problem 1 . Apple Inc must decide how many iPhones t o produce i n each o f the next four quarters. The demand during

Problem 1.
Apple Inc must decide how many iPhones to produce in each of the next four quarters. The demand during each quarter isQ1: 35k,Q2: 50k,Q3: 30k,Q4: 60. Apple must meet demands on time by the end of each quarter. At the beginning ofQ1 Apple has 10k iPhones in inventory. Apple can produce upto40k iPhones in a quarter with regular production at a cost of $200phone, or overtime production at a cost of $250phone. There isa $50 holding cost for the remaining inventory at the end of each quarter.
Formulate a linear programming model to meet demand with minimum cost.
a Define variables
b Write the objective function
c Formulate the constraints.

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