Question: Can someone please twll me why my solver us wrong? and then answer the following questions. he production manager for the Classic Boat Corporation must

Can someone please twll me why my solver us wrong? and then answer the following questions.
he production manager for the Classic Boat Corporation must determine how many units of the
Classic 21 model to produce over the next four quarters. The company has a beginning inventory of
100 Classic 21 boats, and demand for the four quarters is 2000 units in quarter 1,4000 units in
quarter 2,3000 units in quarter 3, and 1500 units in quarter 4. The firm has limited production capacity
in each quarter. That is, up to 4000 units can be produced in quarter 1,3000 units in quarter 2,2000
units in quarter 3, and 4000 units in quarter 4. Each boat held in inventory in quarters 1 and 2 incurs
an inventory holding cost of $250 per unit; the holding cost for quarters 3 and 4 is $300 per unit. The
production costs for the first quarter are $10,000 per unit; these costs are expected to increase by
10% each quarter because of increases in labor and material costs. Management specified that the
ending inventory for quarter 4 must be at least 500 boats.
(a) Formulate a linear programming model that can be used to determine the production
schedule that will minimize the total cost of meeting demand in each quarter subject to the
production capacities in each quarter and also to the required ending inventory in quarter 4.
(b) Use Excel to solve the linear program formulated in part (a). Clearly state the production
plan: for each quarter, how many units to manufacture, the ending inventory, and the costs
incurred. You can use a table to summarize this information.
(c) Interpret each of the shadow prices corresponding to the constraints developed to meet
demand in each quarter. Based on these shadow prices, what advice would you give the
production manager?
(d) Interpret each of the shadow prices corresponding to the production capacity in each
quarter. Based on each of these shadow prices, what advice would you give the production
manager?
 Can someone please twll me why my solver us wrong? and

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