Question: Create a well-designed spreadsheet to address the problem statement in the description below. Your submission should be a single Microsoft Excel file containing three tabs,

 Create a well-designed spreadsheet to address the problem statement in the
description below. Your submission should be a single Microsoft Excel file containing

Create a well-designed spreadsheet to address the problem statement in the description below. Your submission should be a single Microsoft Excel file containing three tabs, one for each part (a), (b), and (c). Your model for part (b) should contain a solution run by the solver. Problem descriptions: (15 pts) FiberTech makes newsprint for newspapers at three mills, A, B, and C. The cost of producing newsprint is estimated to be $210 at mill A,$225 at B, and $220 at C. Five primary geographical markets are served from these mills. The monthly demand at each market, the shipping cost (per ton) between each mill and market, and the monthly production capacity of each mill are given in the table below. FiberTech would like to assign production responsibilities to the mills, and also specify how much should be shipped from each plant to each market, so as to minimize total production and distribution costs. (a) Verbally specify the following in this particular problem: objective function, decision variables, and constraints ( 2.5pts). (b) Set up and solve the problem on a spreadsheet ( 10pts). (c) What is the optimal solution and its corresponding value of the objective function? Explain the rationale for the solution (2.5pts). Submission Guideline: your submission should be a single Microsoft Excel file containing three tabs, one for each part (a), (b), and (c). Your model for part (b) should contain a solution run by the solver

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