Question: Please set up in Excel solver and assit me to format the model Blue Ridge Hot Tubs manufactures and sells two models of hot tubs:
Please set up in Excel solver and assit me to format the model
Blue Ridge Hot Tubs manufactures and sells two models of hot tubs: the AquaSpa and the HydroLux. Howie Jones, the owner and manager of the company, needs to decide how many of each type of hot tub to produce during his next production cycle. Howie buys prefabricated fiberglass hot tub shells from a local supplier and adds the pump and tubing to the shells to create his hot tubs. This supplier has the capacity to deliver as many hot tub shells as Howie needs. Howie installs the same type of pump into both hot tubs. He will have only pumps available during his next production cycle. From a manufacturing standpoint, the main difference between the two models of hot tubs is the amount of tubing and labor required. Each AquaSpa requires hours of labor and feet of tubing. Each HydroLux requires hours of labor and feet of tubing. Howie expects to have production labor hours and feet of tubing available during the next production cycle. Howie earns a profit of $ on each AquaSpa he sells and $ on each HydroLux he sells. He is confident that he can sell all the hot tubs he produces. The production of each AquaSpa generates pounds of a toxic resin, whereas each HydroLux produces pounds of toxic resin. Howie has identified two different objectives that could apply to his problem: He can maximize profit or he can minimize the production of toxic resin. Suppose Howie considers the maximization of profit as half as important as the minimization of toxic resin. Let be the number of AquaSpa hot tubs produced and let be the number of HydroLux hot tubs produced. Use a weight of for the profit objective.
a Formulate an MOLP model for Howie's decision problem.
MIN:
Subject to:
profit in dollars
toxic resin in pounds
pumps
labor in hours
tubing in
b Implement your model in a spreadsheet and solve it What is the solution to Howie's MOLP problem? Round your answers to the nearest integer.
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