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please show Excel how to do this problem. do not attach any file, It cant be open. post the excel sheet step by step. thank
please show Excel how to do this problem. do not attach any file, It cant be open. post the excel sheet step by step. thank you.
Problem 1 (name the Exeel file as A4Problem1_yourLastNameFirstName.xlsx) 40 points total The Sea Wharf Restaurant would like to determine the best way to allocate a monthly advertising budget of $1,000 between newspaper advertising and radio advertising. Management decided that at least 25% of the budget must be spent on each type of media and that the amount of money spent on local newspaper advertising must be at least twice the amount spent on radio advertising. A marketing consultant developed an index that measures audience exposure per dollar of advertising on a scale from 0 to 100 , with higher values implying greater audience exposure. If the value of the index for local newspaper advertising is 50 and the value of the index for spot radio advertising is 80 , how should the restaurant allocate its advertising budget to maximize the value of total audience exposure? (No Data file needed, create from the given information) a. (15 points) Formulate a linear programming model that can be used to determine how the restaurant should allocate its advertising budget to maximize the value of total audience exposure. A LP model should contain the definition of decision variables, objective functions, and applicable constraints. Please write your model in a similar format to the book example. For instance, the LP model for Par, Inc. is as follows: S: number of standard bags D: number of deluxe bags b. ( 15 points) Develop a spreadsheet model and solve the problem using Excel Solver. Please save the solver model explicitly Step by Step Solution
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