Question: Below is the data for a cost - benefit problem for Eleko company. 1 , 2 , 3 , and 4 are different activities the
Below is the data for a costbenefit problem for Eleko company. and are different activities the company can undertake. X Y and Z are benefits the company gets from the activities.
Benefit Benefit Contribution per Unit of Each Activity Minimum Acceptable Level
X
Y
Z
Unit cost $ $ $ $
Formulate and solve a linear programming model for this problem using Excel.
What is the formula you used for the objective function cell?
How many constraints do you have in your model? Explain.
How many of units of activity and should be undertaken?
What is the total cost?
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