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Consider the optimization model below. The decision variables 1 and 2 represent the amount of products 1 and 2 to produce, respectively. The objective function
Consider the optimization model below. The decision variables 1 and 2 represent the amount of products 1 and 2 to produce, respectively. The objective function maximizes profit, and the constraints ensure that (1) we do not produce more product than we have demand for, and (2) that we do not use more workstation time than we have available. Use excel solver to solve the optimization
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Managerial Economics Foundations of Business Analysis and Strategy
Authors: Christopher Thomas, S. Charles Maurice
12th edition
1260004759, 9781260004755, 78021715, 78021718, 78021901, 978-0078021909
