Question: Can you please walk me through this set by step and especially the solver. Thank you. The Shop at Home Network sells various household goods

Can you please walk me through this set by step and especially the solver. Thank you. The Shop at Home Network sells various household goods during live television broadcasts. The The Shop at Home Network sells various household goods during live television broadcasts. The
company owns several warehouses to hold many of the goods it sells but also leases extra
warehouse space when needed. During the next five months, the company expects it will need to
lease the following amounts of extra warehouse space:
At the beginning of any month, the company can lease extra space for one or more months at the
following costs:
So, for instance, at the start of month 1 the company can lease as much space it wants for four
months at a cost of $155 per sqft. Similarly, at the start of month 3, the company can lease any
amount of space for two months at a cost of $95 per sqft. The company wants to determine the
least costly way of meeting its warehousing needs over the coming five months.
a. Formulate an LP model for this problem. (20 points)
b. Create a spreadsheet model for this problem and solve it using Solver. (40 points)
c. What is the optimal solution? (20 points)
d. How much would it cost the company to meet its space needs if in each month it leases
for one month exactly the amount of space required for the month? (20 points)
company owns several warehouses to hold many of the goods it sells but also leases extra
warehouse space when needed. During the next five months, the company expects it will need to
lease the following amounts of extra warehouse space:
At the beginning of any month, the company can lease extra space for one or more months at the
following costs:
So, for instance, at the start of month 1 the company can lease as much space it wants for four
months at a cost of $155 per sqft. Similarly, at the start of month 3, the company can lease any
amount of space for two months at a cost of $95 per sqft. The company wants to determine the
least costly way of meeting its warehousing needs over the coming five months.
a. Formulate an LP model for this problem. (20 points)
b. Create a spreadsheet model for this problem and solve it using Solver. (40 points)
c. What is the optimal solution? (20 points)
d. How much would it cost the company to meet its space needs if in each month it leases
for one month exactly the amount of space required for the month? (20 points)
 Can you please walk me through this set by step and

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