Resource Requirements:

Will need help with the excel set up for this problem requirements are below:

Part A: Write the Linear Programming formulation for this problem to help determine the best production mix of the three appliances that will maximize profit

Part B: Set up & run the problem in Excel Solver

Report the optimal solution and profit result

	Metal Materials/unit	Plastic Materials/unit	Labor hours/unit
Waffle Maker	3.1lb	.5lb	.7
Egg Cooker	.15lb	.7lb	1
Toaster	2.0lb	.3lb	.5

Resources cost are $3 per pound of metal, $2.90 per pound of plastic and $10.00 per hour for labor.

Available resources are 200 pounds of metal, 250 pounds of plastic and 350 hours of labor.

Based on the market research, the company expects the maximum demand for waffle makers is 50 and for egg cookers is 75. The company has a contract to supply 25 toasters to a local department store.

Waffle makers will be sold for $24.99, egg cookers will be sold for $19.99 and Toasters will sell for $14.99

The company wants to know the optimal products mix that will maximize profit

Part A: Write the Linear Programming formulation for this problem to help determine the best production mix of the three appliances that will maximize profit

Part B: Set up & run the problem in Excel Solver

Report the optimal solution and profit result