Malloy Milling grinds calcined alumina to a standard granular size. The mill produces two different size products, regular grind and super grind, from the same raw materials. After reviewing the production rate, demand, and profit for each of the two types of grind, Malloy Milling found the following linear optimization model for profit, where R is the number of tons of regular grind produced and S is the number of tons of super grind produced. Implement the linear optimization model on a spreadsheet and use Solver to find an optimal solution Interpret the Solver Answer Report, identify the binding constraints, and verify the values of the slack variables. Maximize Profit = 1000 R + 1900 S R+S2 700 R S (Total production) 5* 168 R2 400 S2 200 (Time limitation) (Demand for regular grind) (Demand for super grind) Implement the linear optimization model and find an optimal solution. Interpret the optimal solution. The optimal solution is to produce tons of regular grind and tons of super grind. This solution gives the V possible profit, which is $ (Type integers or decimals rounded to two decimal places as needed.) Questior Viewer
Malloy Milling grinds calcined alumina to a standard granular size. The mill produces two different size products, regular grind and super grind, from the same raw materials. After reviewing the production rate, demand, and profit for each of the two types of grind, Malloy Milling found the following linear optimization model for profit, where R is the number of tons of regular grind produced and S is the number of tons of super grind produced. Implement the linear optimization model on a spreadsheet and use Solver to find an optimal solution Interpret the Solver Answer Report, identify the binding constraints, and verify the values of the slack variables. Maximize Profit = 1000 R + 1900 S R+S2 700 R S (Total production) 5* 168 R2 400 S2 200 (Time limitation) (Demand for regular grind) (Demand for super grind) Implement the linear optimization model and find an optimal solution. Interpret the optimal solution. The optimal solution is to produce tons of regular grind and tons of super grind. This solution gives the V possible profit, which is $ (Type integers or decimals rounded to two decimal places as needed.) Questior Viewer
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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Transcribed Image Text:Malloy Milling grinds calcined alumina to a standard granular size. The mill produces two different size products, regular grind and super grind, from the same raw materials. After reviewing the production rate, demand, and profit for each of
the two types of grind, Malloy Milling found the following linear optimization model for profit, where R is the number of tons of regular grind produced and S is the number of tons of super grind produced. Implement the lincar optimization
model on a spreadsheet and use Solver to find an optimal solution. Interpret the Solver Answer Report, identify the binding constraints, and verify the values of the slack variables.
Maximize Profit = 1000 R+ 190 S
R•S2 700
R S
5*7s 168
(Total production)
(Time limitation)
R2 400
S2 200
(Demand for regular grind)
(Demand for super grind)
Implement the linear optimization model and find an optimal solution. Interpret the optimal solution.
The optimal solution is to produce tons of regular grind and tons of super grind. This solution gives the
(Type integers or decimals rounded to two decimal places as needed.)
V possible profit, which is $
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