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2. International Cargo Company (20 points) The International Cargo Company (ICC) is preparing a loading plan for a freighter. The freighter has three cargo holds

image text in transcribed 2. International Cargo Company (20 points) The International Cargo Company (ICC) is preparing a loading plan for a freighter. The freighter has three cargo holds with the following capacity restrictions. A commodities dealer wants to transport the following products aboard this ship. ICC can select any/all of the above products, and more than one type of product can be placed in the same hold. Because of balance considerations, the total weight of products in the Forward Cargo Hold must be between 90% and 110% of the weight of products in the Rear Hold. Further, the Center Hold must contain between 40% and 60% of all the product weight on board. Hint: See Unit 4B Practice Problem \#1 (a) State the decisions to be made, the objective and the constraints in words using = or = in the constraints. (Submit copy of Handwritten answer, 5 pts) (b) Formulate this problem as an algebraic optimization model. Be sure to define your variables. (Submit copy of Handwritten answer, 5 pts) (c) Construct an EXCEL model for this problem. (Submit answer via Canvas, 5 points) (d) Use your EXCEL model and Solver to determine an optimal solution. (Submit answer in an Excel file, 5 pts)

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