Question: Hello, I have an excel mathematical question and need help building Linear Programming in MS Excel using the objective and constraints for the attached problem.

Hello, I have an excel mathematical question and need help building Linear Programming in MS Excel using the objective and constraints for the attached problem. I am having trouble showing the objective function and constraints correctly on how to formulate the model for this problem in Excel. I have attached the question below with an example of another practice model on how it should look and the steps to formulating the problem. The formula is in cell D2.

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The A corporation plans on building a maximum of 11 new stores in a large city. They will build these stores in one of three sizes for each location a convenience store (open 24 hours), standard store, and an expanded services store. The convenience store requires $4.125 million to build and 30 employees to operate. The standard store requires $8.25 million to build and 15 employees to operate. The expanded-services store requires $12375 million to build and 45 employees to operate. The corporation can dedicate $82.5 million in constiuction capital, and 300 employees to staff the stores. On the average, the convenience store nets $1.2 million annually, the standard store nets $2 million annually, and the expanded services store nets $2.6 million annually. How many of each should they build to maximize revenue? Formulate the model for this problem in excel. Let X1 = # of convenience store X2 = # of standard store X3 = # of expanded-services store \fFile Home Insert Draw Page Layout Formulas Data Review View Help X Cut Calibri 11 v A A ab Wrap Text LE Copy v Paste BIUV v v A v = Merge & Center Format Painter Undo Clipboard Font Alignment D2 V : XVfx =B2*B3+C2*C3 A B C D E F G H L Aqua Spa Hydro Lux Max Profit Unit Profit $350 $300 $61,300 60900 3 Decision Variables 170 6 A 5 Constraints Usage Relation Limit 6 Pump (unit) H 176 = OH 10 Non-negativity X2 1 6 >= 0 11 12 13 145 STEPS IN FORMULATING LP MODELS: 1. Understand the problem. 2. Identify the decision variables. X, =number of Aqua-Spas to produce X,=number of Hydro-Luxes to produce 3. State the objective function as a linear combination of the decision variables. MAX: 350X, + 300X25 STEPS IN FORMULATING LP MODELS (CONTINUED) 4. State the constraints as linear combinations of the decision variables. 1X, + 1X, = 0 X, >= 0SOLVING LP PROBLEMS AN INTUITIVE APPROACH Idea: Each Aqua-Spa (X, ) generates the highest unit profit ($350), so let's make as many of them as possible! How many would that be? " Let X2 = 0 - 1 st constraint: 1X, = bk . . fm(X1, X21 ...1 Xn)=bm Note: If all the functions in an optimization are linear, the problem is a Linear Programming (LP) problem\fBlue Ridge Hot Tubs produces Two types of hot 'rubs: Aqua-Spas & Hydro-Luxes. Aqua-Spa Hydro-Lux Pumps 1 1 Labor 9 hours 6 hours Tubing 12 feet 16 feet Uni'r Profit $350 $300 There are 200 pumps, 1566 hours of labor, and 2880 feet of tubing available

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