Question: For Problem 1 and 2 , formulate a linear program and solve the problem using Excel Solver. Please include an algebraic ( mathematical ) formulation

For Problem 1 and 2, formulate a linear program and solve the problem using Excel Solver.
Please include an algebraic (mathematical) formulation of the linear program. Specify your decision variables, followed by the objective function and the complete set of constraints.
After solving the problem with Excel, please generate an answer report and copy your solution & objective value to the end of your formulation.
Problem 1: PROTRAC produces the largest member of its earthmoving equipment line (the E-9) and the largest member of its forestry equipment line (the F-9) with essentially the same equipment. Demand for these items is very high at this time, and management believes it is possible to sell as many of both as the firm can produce. The profit is $5000 for an E-9 and $4000 for an F-9. In planning production for the next 2 weeks, management knows it is necessary to produce a total of at least five E-9s and F-9s in order to meet previous commitments.
Each of these products requires processing in department A and department B. Over the next 2 weeks, these departments have 150 and 160 hours of available time, respectively. Each E-9 requires 10 hours in department A and 20 hours in department B, whereas each F-9 requires 15 hours in department A and 10 hours in department B. In order to honor the labor contract, the total labor hours used in testing finished products cannot fall more than 10% below the agreed goal of 150 hours. (This is independent of the processing requirements in departments A and B.) Each E-9 requires 30 hours of testing and each F-9 requires 10. Finally, in order to maintain the current market position, management feels that it is necessary to build at least one F-9 for every three E-9s produced. How much of each product should PROTRAC produce in the next 2 weeks to maximize profit?
 For Problem 1 and 2, formulate a linear program and solve

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!