=E*3.14. Consider the following algebraic formulation of a costbenefittrade-off problem involving three benefits, where the decisions to

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=E*3.14. Consider the following algebraic formulation of a cost–benefit–trade-off problem involving three benefits, where the decisions to be made are the levels of four activities (A1, A2, A3, and A4):

subject to Benefit 1: 3 A1 + 2 A2 – 2 A3 + 5 A4 80 (minimum acceptable level)

Benefit 2: A1 – A2 + A4 10 (minimum acceptable level)

Benefit 3: A1 + A2 – A3 + 2A4 30 (minimum acceptable level)

and Formulate and solve the spreadsheet model for this problem.

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