Question: Convert the following problem into a mathematical model. Using Excel Solver answer the following questions: a ) What is the optimal mix of products? b

Convert the following problem into a mathematical model. Using Excel Solver
answer the following questions:
a) What is the optimal mix of products?
b) Which process (the equipment for that process) should the company invest first to
increase its profit? Why?
Question 2:
a) Would using an order interval other than every six weeks reduce costs? If so, which order
interval would be best, and what order size would that involve?
b) Would you recommend changing the optimal order interval? Why or why not? Explain.

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