QuestionI am a retailer of suitcases. I can purchase suitcases from two… I am a retailer of suitcases. I can purchase suitcases from two suppliers. Supplier 1 sells one suitcase for $10. Supplier 2 sells suitcases in the following fashion: (a) It is a fixed cost of $1200 for purchasing 100 or less suitcases. (Assume that Supplier 2 charges $1200 even if no suitcases are purchased from supplier 2.) (b) For each suitcase more that 100 suitcases purchased, there is an additional charge of $5 per suitcase. I want to buy 500 suitcases. Formulate a linear program to minimize the total cost of my purchase. You should treat the number of suitcases as a continuous variable. You need to define clearly the meaning of the variables that you use. Finally, implement and solve your LP in CVXPY and print out the optimal solution and objective value. Hint: You may encounter a nonlinear function involving the maximum function. But you can reformulate such nonlinear function using linear constraints.Computer ScienceEngineering & TechnologyPython Programming ISYE 6669
