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1) Carquest has received an order for a 2000 rotor. This company can produce rotors on seven different machines. Unit production cost, as well as setup cost and maximum rotors that each machine can produce, is given below: Machine Unit production cost Setup cost Maximum production number 1 $26 600 2 $28 500 $30 $29 $25 $31 $33 3 4 5 6 7 $650 $750 $550 $800 $850 $900 $1050 850 300 700 700 900 a) Formulate an ILP model to minimize the cost. b) Create a spreadsheet model to find the optimal solution.

1) Carquest has received an order for a 2000 rotor. This company can produce rotors on seven different machines. Unit production cost, as well as setup cost and maximum rotors that each machine can produce, is given below: Machine Unit production cost Setup cost Maximum production number 1 $26 600 2 $28 500 $30 $29 $25 $31 $33 3 4 5 6 7 $650 $750 $550 $800 $850 $900 $1050 850 300 700 700 900 a) Formulate an ILP model to minimize the cost. b) Create a spreadsheet model to find the optimal solution.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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1) Carquest has received an order for a 2000 rotor. This company can produce rotors on seven different machines. Unit production cost, as well as setup cost and maximum rotors that each machine can produce, is given below: Machine Unit production cost Setup cost Maximum production number 1 $26 600 2 $28 500 3 $30 4 $29 5 $25 6 $31 7 $33 $650 $750 $550 $800 $850 $900 $1050 850 300 700 700 900 a) Formulate an ILP model to minimize the cost. b) Create a spreadsheet model to find the optimal solution.
Transcribed Image Text:1) Carquest has received an order for a 2000 rotor. This company can produce rotors on seven different machines. Unit production cost, as well as setup cost and maximum rotors that each machine can produce, is given below: Machine Unit production cost Setup cost Maximum production number 1 $26 600 2 $28 500 3 $30 4 $29 5 $25 6 $31 7 $33 $650 $750 $550 $800 $850 $900 $1050 850 300 700 700 900 a) Formulate an ILP model to minimize the cost. b) Create a spreadsheet model to find the optimal solution.
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