Question: Question 1 ( 1 0 + 1 5 + 5 + 1 0 = 4 0 points ) See the Excel file Production Planning. You

Question 1(10+15+5+10=40 points) See the Excel file Production Planning. You will create and solve your own model instance, and document your entire answer within this file. a) For each product, set the minimal number of items produced to 50, and the maximal number of items produced to 500. Generate the entries of the matrix titled Resources Used Per Product Unit as random integers between 2 and 8. Next, generate the Unit Profit [$] vector entries as random integers between 10 and 30.(This way, each student will have a different model instance: this is required.) b) Keep a fixed model instance for optimization. Use range names in your model. Solve your model instance assuming continuous model variables, and generate an answer report. c) Estimate the maximal difference between the solution found and the best possible solution that could be obtained assuming integer production levels. d) Based on your own result, how could you increase the profit by changing some production level parameter settings?

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