Question: Solve the optimization problem below using Excel solver Problem: Pear produces low-budget cars. Each car is sold for $7900. The raw materials in a car

Solve the optimization problem below using Excel solver

Solve the optimization problem below using Excel

Problem: Pear produces low-budget cars. Each car is sold for $7900. The raw materials in a car costs $5000. Labor time and robot time are both needed to produce cars. A worker can do the needed labor on, at most, 100 cars per month; a robot can complete the needed work on, at most 200 cars per month. Initially, Pear has 4 workers. Each worker receives a monthly salary of $6000. It costs $2500 to hire a worker and $1000 to fire a worker. Robots must be bought at the beginning of month 1 at a cost of $15,000 per robot. The assumed known) demand for cars is listed in the file. At the end of each month, Pear incurs a holding cost of $200 per car. How can Pear maximize the profit earned during next 6 months? Formulate a model separate from Excel. Then use Excel Solver and solve the model. Attach a clean spreadsheet of Solver. Budget Auto data Month 1 Demand 400 3 4 6 2 500 5 700 600 800 600

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