Question: Please respond the below using step by step in excel - attached is the excel in question. QUESTION 1 ( 2 0 points ) :
Please respond the below using step by step in excel attached is the excel in question.
QUESTION points:
The Hickory Cabinet and Furniture Company produces sofas, tables, and chairs. The plant uses three
main resources to make furniture wood, upholstery, and labor. The resource requirements for each
piece of furniture and the total resources available weekly are as follows.
The furniture is produced on a weekly basis and stored in the warehouse until the end of the week, when
it is shipped out. The warehouse has a total capacity of pieces of furniture. Each sofa earns $ in
profit, each table $ and each chair $ The company wants to know how many pieces of each type
of furniture to make per week to maximize profit. The worksheet named "Hickory I contains a template
for solving this LP problem.
a Review the LP algebraic formulation provided. Make sure you understand how the
formulation is derived from the problem described above.
b Points: Solve the LP model with Excel Solver using the template provided. Generate the
sensitivity report.
points for correctly specifying decision variables
points for correctly specifying the objective function equation
points for setting up constraints correctly per constraint
points for generating the correct optimal solution and sensitivity report
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