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 :
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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