The XYZ Company produces two products. The total profit achieved from these products is described by the
Question:
The XYZ Company produces two products. The total profit achieved from these products is described by the following equation:
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Every 1,000 units of X1 requires one hour of time in the shipping department, and every 1,000 units of X2 requires 30 minutes in the shipping department. Each unit of each product requires two pounds of a special ingredient, of which 64,000 pounds are available. Additionally, 80 hours of shipping labor are available. Demand for X1 and X2 is unlimited.
a. Formulate an NLP model for this problem.
b. Implement your model in a spreadsheet and solve it.
c. What is the optimalsolution?
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a MAX 02X12 04X22 8X1 12X2 1500 ST X1 X2 80 2X1 2X2 64 Xi 0 ...View the full answer
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Related Book For 
Spreadsheet Modeling And Decision Analysis A Practical Introduction To Business Analytics
ISBN: 1233
8th Edition
Authors: Cliff T. Ragsdale
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