Question: Write the managerial formulation and determine the optimum solution for the following problems. Verbally explain the optimum solution you obtain. Provide your answers / comments
Write the managerial formulation and determine the optimum solution for the
following problems. Verbally explain the optimum solution you obtain. Provide
your answerscomments in a textbox or a comment on the Excel file. Dont
forget to use color codes to organize your spreadsheet model
Capacitor Production
Eastinghouse ships capacitors per month to its customers. The
capacitors can be produced at three different plants. The production capacity,
fixed monthly cost of operation, and variable cost of producing a capacitor at
each plant are given in the HW template. The fixed cost of a plant is incurred
only if the plant is used to make any capacitors. If a plant is used at all, at
least capacitors per month must be produced at the plant Hint: This will
need to be formulated as a logical lower limit Determine how to minimize
the companys monthly costs of meeting its customers demand.
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