NEED HELP WITH THE EXCEL: DECISION VARIBLESOBJECTIVE FUNCTIONCONTRAINSTS DataIngredientProductProductAlmondBrazil nut FilbertРесanWalnutProfitDemand (Ib)$1.65$1.90$2.35Regular mix15%25%25%10%25%10,000Deluxe mix20%20%20%20%20%5,000Holiday mix25%15%15%25%20%3,000IngredientAvailability (Ib)6,0007,5007,5006,0007,500Cost$7,800$7,350$7,150$7,200$7,450Decision variablesProduction quantity in IbsRegular mix Deluxe mixHoliday mixObjective functionMaximize profitsConstraintsAvailability of ingredientsConsumptionAvailabilityAlmond<=6,000Brazil nut<=7,500Filbert<=7,500Ресan6,000<=Walnut<=7,500Demand to satisfyProducedDemandRegular mix10,000>=Deluxe mix>=5,000Holiday mix3,000>=

LP model in algebraic form is following: Decision variables: Let X1 be the pounds of Regular mix to…

Answered: NEED HELP WITH THE EXCEL: DECISION…

Business

Operations Management

NEED HELP WITH THE EXCEL: DECISION VARIBLES OBJECTIVE FUNCTION CONTRAINSTS

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

NEED HELP WITH THE EXCEL:

DECISION VARIBLES

OBJECTIVE FUNCTION

CONTRAINSTS

Data
Ingredient
Product
Product
Almond
Brazil nut Filbert
Ресan
Walnut
Profit
Demand (Ib)
$1.65
$1.90
$2.35
Regular mix
15%
25%
25%
10%
25%
10,000
Deluxe mix
20%
20%
20%
20%
20%
5,000
Holiday mix
25%
15%
15%
25%
20%
3,000
Ingredient
Availability (Ib)
6,000
7,500
7,500
6,000
7,500
Cost
$7,800
$7,350
$7,150
$7,200
$7,450
Decision variables
Production quantity in Ibs
Regular mix Deluxe mix
Holiday mix
Objective function
Maximize profits
Constraints
Availability of ingredients
Consumption
Availability
Almond
<=
6,000
Brazil nut
<=
7,500
Filbert
<=
7,500
Ресan
6,000
<=
Walnut
<=
7,500
Demand to satisfy
Produced
Demand
Regular mix
10,000
>=
Deluxe mix
>=
5,000
Holiday mix
3,000
>=

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