Question: Work it on an Excel spreadsheet A problem with fixed costs The RMC mathematical model with three products (with decimal coefficients) follows Max 40F +

Work it on an Excel spreadsheet
A problem with fixed costs The RMC mathematical model with three products (with decimal coefficients) follows Max 40F + 305 + 50C s.t. 0.45 + 0.55 + 0.60 s 20 0.25 +0.1C 55 0.6F +0.35 +0.3C 3.21 FS 20 Material 1 Material 2 Material 3 Recall that Fis the number of tons of fuel additive produced, S is the number of tons of solvent base produced and is the tons of carpet cleaning fluid. However, fixed costs haven't been taken into account. Assume that there is a setup cost for each of the three products. These costs are $200 for the fuel additive, $50 for the solvent base and $400 for the carpet cleaning fluid. The maximum allowed production of the three products are 50, 25 and 40 tons respectivelyStep by Step Solution
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