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I could use some help with linear programming on Excel. The goal here is to minimize production costs by finding the right combination of motors
I could use some help with linear programming on Excel. The goal here is to minimize production costs by finding the right combination of motors produced by the company and motors outsourced for production (use solver). Any help on how to work through this would be great.
Number of electric motors | Model 1 | Model 2 | Model 3 | ||||
Make | |||||||
Buy | |||||||
Available | |||||||
>= | >= | >= | |||||
Needed (order) | 2800 | 1900 | 1000 | ||||
Costs | |||||||
Make | $52 | $84 | $112 | ||||
Buy | $61 | $95 | $125 | ||||
Resources required | Used | Available | |||||
Armature wiring | 1.5 | 1 | 2.5 | <= | 9500 | ||
Parts assembly | 1 | 1.5 | 1 | <= | 4900 | ||
Total cost | |||||||
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