Question: Problem 5. Formulate the following situation as a linear optimization problem. Your company makes widgets, and you want to maximize profit. However, the cost of

Problem 5. Formulate the following situation as a

Problem 5. Formulate the following situation as a linear optimization problem. Your company makes widgets, and you want to maximize profit. However, the cost of labor, availability of material, product demand, and selling price are different during different quarters of the year (i.e. January-March, April-June, July-September, October-December). This information is collected in the table below. the year 180 quarter of cost to produce maximum production product selling price a widget in $ based on material available demand in $ 1 40 600 400 2 1200 1000 250 3 60 900 1200 250 4 40 500 1000 300 60 Additionally, any widget you produce can be sold during the current quarter or during a later quarter. If you do not sell a widget during the current quarter, you must pay $10 to store the widget until next quarter

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