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Gatson manufacturing company produces two types of tires: Economy tires and Premium tires. The manufacturing time and the profit contribution per tire are given
Gatson manufacturing company produces two types of tires: Economy tires and Premium tires. The manufacturing time and the profit contribution per tire are given in the following table. Operation Material Preparation Tire Building Curing Final Inspection Profit/Tire Manufacturing Time (Hours) Time Available Economy tires Premium Hours tires 4/3 1/2 600 4/5 1 650 1/2 2/4 580 1/5 1/3 120 $12 $10 Answer the following assuming that the company is interested in maximizing the total profit contribution. a. What is the linear programming model for this problem? b. Develop a spreadsheet model and find the optimal solution using Excel Solver. How many tires of each model should Gatson manufacture? Activate Wing c. What is the total profit contribution Gatson can earn with the optimal production quantities?ettings to
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