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Valencia Products makes automobile radar detectors and assembles two models: LaserStop and SpeedBuster. The firm can sell all its products. Both models use the same
- Valencia Products makes automobile radar detectors and assembles two models: LaserStop and SpeedBuster. The firm can sell all its products. Both models use the same electronic components. Two of these can be obtained only from a single supplier. For next month, the supply of these is limited to 4,000 of component A and 3,500 of component B. The number of each component required for each product and the profit per unit at as below: Components Required/Uni t A B Profit/unit LaserStop 18 6 $24 SpeedBuste r 12 10 $40 a. Identify the decision variables, objective function and constraints in simple verbal statements. b. Formulate a linear optimization model c. Implement the linear optimization model for Valencia Products using Solver (Simplex LP Method) to find optimal solution. Interpret the solver answer report and identify the binding constraints and verify the values of the slack variables by substituting the optimal solution into the model constraints.
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