Question: Q2 (5 marks) Use mixed integer linear programming to solve the problem regarding the monthly demand. Suppose that holding cost is applied to the ending

Q2 (5 marks) Use mixed integer linear programming to solve the

Q2 (5 marks) Use mixed integer linear programming to solve the problem regarding the monthly demand. Suppose that holding cost is applied to the ending inventory. - Develop the mathematical model in the Word document. ' Solve the problem in Excel - Develop a plan in the Word document and explain when and how many products should be ordered in order to minimise the total cost. - Recalculate the optimal value of objective function (total cost with the new assumption that the holding cost is applied to the average inventory {not ending inventory)

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