Question: Regular Prod. Capacity =4000 Inits/qtr Regular Prod. Cost =$10 /unit Overtime Prod. Capacity =1200 units/qtr Overtime Prod. Cost =$14/ unit Subcont Prod. Capacity =3000 units/qtr

Regular Prod. Capacity =4000 Inits/qtr Regular Prod. Cost =$10 /unit Overtime Prod. Capacity =1200 units/qtr Overtime Prod. Cost =$14/ unit Subcont Prod. Capacity =3000 units/qtr Subcont Prod. Cost =$18/ unit InventoryCapacity=8000units/qtrInventoryCost=$5/unit/qtr Beginning Inventory =900 units Backordering Cost =$16 /unit/qtr Linear programming is to be used to determine a production plan strategy of Level Production, Overtime, and Subcontracting. 1. Formulate the Objective Function (note that there are 3 quarters). 2. Formulate all Constraints (standardized). 3. How many decision variables are in the model? 4. How many constraints are in the model

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