Question: Question 1: Product Mix Problem A small engineering company makes two products for export, A and B. Both products go through a four- stage process:

Question 1: Product Mix Problem A small

Question 1: Product Mix Problem A small engineering company makes two products for export, A and B. Both products go through a four- stage process: turning, grinding, polishing, and finishing. The resource requirements for each of the products as well as the per unit profit contribution of each product appear in the table below. (For example, one unit of product A requires 12 minutes of tuning. There are 24000 total minutes of tuning available. Further, per unit contribution of product A is $5.00.) Management has determined that at least 100 units of each product be produced. Input Tuning Grinding Polishing Finishing Per Unit Profit Product A 12 30 20 40 $5.00 Product B 18 45 60 30 $5.75 Available 24000 45000 48000 48000 (a.) Fully formulate the LP problem in an excel spreadsheet. (b.) In the same spreadsheet, use solver to identify the profit maximizing combinations of A and B to be produced

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