Mont Noir makes three high-end items. A ballpoint pen, a mechanical pencil, and a fountain pen....

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Mont Noir makes three high-end items. A ballpoint pen, a mechanical pencil, and a fountain pen. All are available in only one color, black, and are sold mostly through specialty stores and catalogs. The per-unit profit is $3 for the ballpoint pen, $3 for the mechanical pencil, and $5 for the fountain pen. These values take into account labor, the cost of materials, packaging, quality control, etc. The manufacture of these high-end items requires plastic, chrome, and stainless steel. These materials are not easily available. Mont Noir can get at most 1,000 ounces of plastic, 1,200 ounces of chrome, and 2,000 ounces of stainless steel each week. Each ballpoint pen requires 1.2 ounces of plastic, 0.8 ounces of chrome and 1.2 ounces of stainless steel. Each mechanical pencil requires 1.7 ounces of plastic, no chrome, and 3 ounces of stainless steel. Each fountain pen requires 1.2 ounces of plastic, 2.3 ounces of chrome and 4.5 ounces of stainless steel. You have been asked by Mont Noir to set up an LP model in a spreadsheet so that it can be used as a planning tool to explore any number of issues. NOTE: since the production continues week after week, any unfinished item is simply completed the next week-in other words, non-integer answers are OK. Mont Noir makes three high-end items. A ballpoint pen, a mechanical pencil, and a fountain pen. All are available in only one color, black, and are sold mostly through specialty stores and catalogs. The per-unit profit is $3 for the ballpoint pen, $3 for the mechanical pencil, and $5 for the fountain pen. These values take into account labor, the cost of materials, packaging, quality control, etc. The manufacture of these high-end items requires plastic, chrome, and stainless steel. These materials are not easily available. Mont Noir can get at most 1,000 ounces of plastic, 1,200 ounces of chrome, and 2,000 ounces of stainless steel each week. Each ballpoint pen requires 1.2 ounces of plastic, 0.8 ounces of chrome and 1.2 ounces of stainless steel. Each mechanical pencil requires 1.7 ounces of plastic, no chrome, and 3 ounces of stainless steel. Each fountain pen requires 1.2 ounces of plastic, 2.3 ounces of chrome and 4.5 ounces of stainless steel. You have been asked by Mont Noir to set up an LP model in a spreadsheet so that it can be used as a planning tool to explore any number of issues. NOTE: since the production continues week after week, any unfinished item is simply completed the next week-in other words, non-integer answers are OK.

Answer rating: 100% (QA)

SOLUTION To set up an LP linear programming model in a spreadsheet for Mont Noirs production planning we need to define the decision variables the obj... View the full answer