Question: please answer Part B and Part C. USE EXCEL FOR YOUR ANSWER AND SOLVER The times (in minutes) required on each machine are as follows:
please answer Part B and Part C. USE EXCEL FOR YOUR ANSWER AND SOLVER
The times (in minutes) required on each machine are as follows: Component Shaper Grinder 1 6 4 2 4 . 5 3 4 2. The shaper is available for 120 hours, and the grinder is available for 110 hours. No more than 00 units of component 3 can be sold, but up to 1000 units of each of the other components can be sold. In fact, the company already has orders for 600 units of component 1 that must be satisfied. The profit contributions for components 1, 2 and 3 are $8, $6, and $9, respectively. a. Formulate and solve for the recommended production quantities. b. What are the optimal production quantities and the optimal profit? c. If more time could be made available on the grinder, how much would it be worth? What to submit: Final submission must be an Excel file with answers to the above questions. Please follow the format of the example provided in the Excel Lab
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