DS 806 Spring 2024 Term 1 Project, Linear Programming - Solving fashion production at Chakra
Project Details:
It is the middle of summer, and Elizabeth has some decisions to make for the next Fall clothes line up for her clothing line Chakra. She has a meeting with her production manager Eddy, and they will finalize next month’s production plan. She has already goten most of the work completed. She has paid 8 designers $850,000 for the design of next season’s line up. She has also spent $2,900,000 for the four fashion shows where the new line will be displayed. This includes all the costs from the models, to choreographers, to make-up and hair artists to music and lighting and venue costs. The designs, the prices the products will sell at, their material and production costs have also been determined by her team
After providing answers to a-i, in part j, below, you are asked to prepare an executive summary report. Make sure you present your answers to above questions separately, before answering part j. j) Please write an executive report about the results (recommended production plan, expected profits, etc.) based on initial problem data. Your report should summarize your recommendations and address possible expansions based on the previous questions and any additional analysis you perform. Note that this is an executive report you are providing to assist in this year’s planning, as well as, for future year’s planning, assuming similar costs/prices.