Question: Please provide written steps for excel as well as upload them to follow. Thank you The following linear programming model formulation is used for the
Please provide written steps for excel as well as upload them to follow.
Thank you
The following linear programming model formulation is used for the production of four different products, with two different manufacturing processes and two different material requirements: maximize Z=50x1+58x2+46x3+62x4 subject to 4x1+3.5x2+4.6x3+3.9x4600hr.(process1)2.1x1+2.6x2+3.5x3+1.9x4500hr(process2)15x1+23x2+18x3+25x43,600Ib.(materialA)8x1+12.6x2+9.7x3+10.5x41,700Ib.(materialB)x1+x2+x3+x4x1+x2.60x1,x2,x3,x40 a. Solve this problem by using the computer. b. Identify the sensitivity ranges for the objective function coefficients and the constraint quantity values. c. Which is the most valuable resource to the firm? d. One of the four products is not produced in the optimal solution. How much would the profit for this product have to be for it to be produced? The following linear programming model formulation is used for the production of four different products, with two different manufacturing processes and two different material requirements: maximize Z=50x1+58x2+46x3+62x4 subject to 4x1+3.5x2+4.6x3+3.9x4600hr.(process1)2.1x1+2.6x2+3.5x3+1.9x4500hr(process2)15x1+23x2+18x3+25x43,600Ib.(materialA)8x1+12.6x2+9.7x3+10.5x41,700Ib.(materialB)x1+x2+x3+x4x1+x2.60x1,x2,x3,x40 a. Solve this problem by using the computer. b. Identify the sensitivity ranges for the objective function coefficients and the constraint quantity values. c. Which is the most valuable resource to the firm? d. One of the four products is not produced in the optimal solution. How much would the profit for this product have to be for it to be producedStep by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
