Question: Modify this Word file to include all the steps to solve the following optimization problem. Then save your work and upload your solution file to
Modify this Word file to include all the steps to solve the following optimization problem. Then save your work and upload your solution file to Blackboard under the Optimization Test folder. There are a total of 6 steps to answer. Please answer each step. There is a Cartesian plain added at the bottom of the page. You can use it if needed. Problem: A company has two types of trucks for transportation purposes: Type X and Type Y. The refrigerated capacity for Type X is 40 cubic meters and the non-refrigerated capacity is 10 cubic meters. On the other hand, the refrigerated capacity of Type Y is 20 cubic meters, and the non-refrigerated capacity is 30 cubic meters. A trader plans to rent trucks from this company to transport 2000 cubic meters of refrigerated products and 1500 cubic meters of non-refrigerated products. The cost per kilometer for Type X is $60, and $80 for Type Y. How many trucks of each type should the trader rent to minimize total cost? Step 1: Identify the objective function and write it below. (15 points) Step 2: Identify the restrictions and write them below. (20 points) Step 3
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