Light-Twilight Inc. currently has four workshops for manufacturing light bulbs and five warehouses where the produced light bulbs are shipped from the workshops for storage. The cost, demand, and volume details are given as below:
a. Formulate a mixed-integer programming model to identify two workshops the management should retain in order to fulfil the estimated demand that minimizes the cost.
b. Solve the model you formulated in part a. What is the optimum cost?
Definitions:
Nonexistent Person
A fictional or imagined individual who does not exist in reality.
Negotiable
Capable of being transferred or converted into goods, services, or money under terms agreeable to all parties involved.
Indorsement
The act of signing one's name on the back of a negotiable instrument, which transfers the property rights to another.
Indorsements
Written approvals or endorsements on documents, especially checks or promissory notes, to signify agreement, consent, or transfer.
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