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Please help me to solve this probelm, Thank you. Vollrner Manufacturing makes three components for sale to refrigeration companies. The components are processed on two

Please help me to solve this probelm, Thank you.

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Vollrner Manufacturing makes three components for sale to refrigeration companies. The components are processed on two machines: a sharper and a grinder. The times (in minutes) required on each machine are as follows: Machine Component Sharper Grinder 1 6 4 2 4 5 3 4 2 The sharper is available for 120 hours, and the grinder is available for 1 10 hours. No more than 200 units of component 3 can be sold, but up to 1000 units of each other components can be sold. In fact, the company already has orders for 600 units of component 1 that must be satised. The prot contributions for components 1, 2, and 3 are $8, $6, and $9, respectively. a. b. c. F\" Formulate this LP problem and make sure you dene all the decision variables. Transform your formulation to the Standard LP form. The Excel Solver Solution to this problem is presented below. Identify and present the optimal solution and the values of the decision variables. Find the slack andfor surplus variables. Will the Sharper or the Grinder or both need more time? Explain. Identify the ranges of optimality and the ranges of feasibility. Discuss them in relation to this problem. Hint: Do not give a general discussion on this question. You must be very specic and use all the results you now have. Microsoft Excel Report FIE Focus Microsoft Excel Report Objective function $10800 Variable Cells Final Reduced Objective Allowable Allowable Cell Name Value Cost Coefficient Increase Decrease $C$19 Component 1 600 8 1 1E+30 $D$19 Component 2 700 0 6 3 0.666667 $E$19 Component 3 200 O 9 1E+30 3 Constraints Final Shadow Constraint Allowable Allowable Cell Name Value Price R.H. Side Increase Decrease $C$23 Sharper LHS 7200 1.5 7200 240 2800 $C$24 Grinder LHS 6300 0 6600 1E+30 300 Component 1 $C$25 LHS 600 -1 600 400 85.71429 Component 1 $C$26 LHS 600 0 1000 1E+30 400 Component 2 $C$27 LHS 700 O 1000 1E+30 300 Component 3 $C$28 LHS 200 3 200 700 100

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