Question: ANSWER USING LINGO WILL DOWNVOTE FOR ANSWER USING EXCEL SOLVER!!! 2. (20 marks) A firm wishes to produce a single product at one or more

ANSWER USING LINGO WILL DOWNVOTE FOR ANSWER USING EXCEL SOLVER!!!

ANSWER USING LINGO WILL DOWNVOTE FOR ANSWER USING

2. (20 marks) A firm wishes to produce a single product at one or more locations so that the total monthly cost is minimized subject to demand being satisfied. At each location there is a fixed charge to be paid if any are produced (but is nil otherwise), and a variable cost which depends on whether the units are produced on regular time or on overtime. Each location has capacity restrictions on regular and overtime production. The relevant data are: Plant Fixed Regular Time Overtime Location Cost Unit Cost Capacity Unit Cost Capacity 1 2100 3.80 1200 4.60 500 2 1900 2.90 1500 4.10 600 3 2300 4.20 1800 5.60 800 4 1700 3.40 2000 4.20 550 5 2700 3.60 2900 5.10 650 6 2000 3.10 3000 4.90 900 Demand is for 8000 units per month. (a) Write the algebraic model for this problem. You are not required to submit this part, except that the list of variables must be submitted in Word or pdf, or these must appear at the top of the file in part (b). (b) Solve the model using LINGO or the Excel Solver. (c) State the solution in words

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