Question: Please solve the problems below using Excel Solver. Please use the necessary settings. Also, please continue to adhere to the spreadsheet modeling principles. The x
Please solve the problems below using Excel Solver. Please use the necessary settings. Also, please continue to adhere to the spreadsheet modeling principles.
The company produces two products. The total profit achieved from these products is described by the following equation:
Total Profit
Where and represent thousands of units of products and respectively.
Every units of require hour of time, and every units of require minutes in the shipping department. Each unit of each product requires pounds of a special ingredient, of which pounds will be available in the next production period. Additionally, hours of labor will be available in the next production period. Demand for X and X is unlimited. Create a nonlinear optimization model in an Excel Spreadsheet to maximize the total profit.
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