Question: LP2. Construct a model with an objective function, decision variables, and constraints. Set it up on Excel Solver with values and run it. Do the
| LP2. Construct a model with an objective function, decision variables, and constraints. Set it up on Excel Solver with values and run it. Do the results make sense? Tell me why. You run two manufacturing lines for a car company that makes four different models. This is a mix of cars and light trucks. You want to maximize revenue while satisfying demand. The facility has a max liit on annual production with each vehicle having a cost and selling price. In addition to production, the company must compy with fuel consumption standards under various energy policies and national laws (E.g., the average MPG of your production must be at or below 40 MPG - the 2026 standard. Assume that each car model mileage is the same.) |
| Price | Cost | Rev | MPG | Prod time (hrs) | Line | Min demand | |
| Corolla (X1) | 24,000 | 15,000 | 9,000 | 42 | 2 | 1 | 300 |
| Avalon (X2) | 60,000 | 23,000 | 37,000 | 39 | 2 | 1 | 300 |
| Tundra (X3) | 50,000 | 25,000 | 25,000 | 35 | 3 | 2 | 300 |
| RAV4 (X4) | 35,000 | 20,000 | 15,000 | 41 | 2.5 | 2 | 750 |
| Total Production Timeline 1 | 2,500 | ||||||
| Total Production Timeline 2 | 2,300 | ||||||
PLEASE SHOW HOW TO CALCULATE THE MAX REVENUE, WHICH COULD BE $1,036,000?
PLEASE SHOW A SCREENSHOT OF SOLVER INPUTS
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