Question: Complete answers please Create a spreadsheet model and solve it using Solver. (Upload your EXCEL file) Acme Manufacturing makes a variety of household appliances at

Complete answers please
Complete answers please Create a spreadsheet
Create a spreadsheet model and solve it using Solver. (Upload your EXCEL file) Acme Manufacturing makes a variety of household appliances at a single manufacturing facility. The expected demand for one of these appliances during the next seven months is shown in the following table along with the expected production costs and the expected capacity for producing these items. 1 m 2 w Month 3 6 7 4 5 Demand 580 420 310 540 430 510 380 $49 Production Cost $45 $46 $47 $48 $50 $48 500 520 Production Capacity 450 550 500 530 560 Acme estimates that it costs $1.50 per month for each unit of this appliance carried in inventory (estimated by averaging the beginning and ending inventory levels each month). Currently, Acme has 120 units in inventory on hand for this product. To maintain a level workforce, the company wants to produce at least 400 units per month. It also wants to maintain a safety stock of at least 50 units per month. Acme wants to determine how many of each appliance to manufacture during each of the next four months to meet the expected demand at the lowest possible total cost. a. Formulate an LPmodel for this problem. b. Create a spreadsheet model for this problem and solve it using Solver. c. What is the optimal solution

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!