Question: in excel please with excel solver Problem 4 Note: This is a nonlinear model and you are recommended to use the Multistart option in Solver
in excel please with excel solver
Problem 4 Note: This is a nonlinear model and you are recommended to use the "Multistart" option in Solver to get the best solution. When you create your model and invoke the Solver, click on "Options" button, select "GRG nonlinear" tab, then check the "Use Multistart" checkbox, then . Widgetco produces widgets at plants 1 and 2. It costs 125x and 235x dollars to produce x units at plant 2. Each plant produced can be sold for S10. Atmost 800 widgets can be sold. 12 dollars to produce x units at plant 1 can produce up to 500 units. Each unit 1/3 Determine how Widgetco can maximize its profit. Costs of producing x units at each plant are of form ax, where: Plant 1 Plant 2 125 b 1/2 a Unit selling prices Plant 1 Plant 2 Number produced Plant 1 Plant 2 Total Max sales Capacity Cost Revenue Profit
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