Milford Lumber Company ships construction materials from three wood-processing plants to three retail stores. The shipping cost, monthly production capacities, and monthly demand for frami below. Let: Plant Store C 1 Store B $3.30 $2.40 $1.20 2 $2.50 3 $1.70 $4.60 Demand 160 540 Formulate a linear optimization model for this problem, implement your model on a spredsheet, and use Excel Solver to find a solution that minimizes total distribution costs. If the constant is "1". X11 = number of components produced in Plant 1 and supplied to Store A X12 = number of components produced in Plant 1 and supplied to Store B X13 = number of components produced in Plant 1 and supplied to Store C X21 = number of components produced in Plant 2 and supplied to Store A Xz2 = number of components produced in Plant 2 and supplied to Store B X23 = number of components produced in Plant 2 and supplied to Store C X31= number of components produced in Plant 3 and supplied to Store A X32 = number of components produced in Plant 3 and supplied to Store B X33 = number of components produced in Plant 3 and supplied to Store C X12+ X13+ Min X11+ Subject to the constraints X11+ | X11 X12+ X13 X12 X21+ X13 X21+ Store A $5.50 $5.80 $2.90 790 X21 X22+ X22+ X23+ Capacity 320 720 510 X23 X31+ X22 + X23 X11, X12, X13, X21, X22, X23, X31, X32, X33 20 What is the value of total distribution costs at the optimal solution? Use the Excel solver to find the optimal solution. Round your answer to the nearest dollar. X31+ X31 + X32+ X32+ X32 + X33 -Sel -Sel X33 -Sel -Sel -Sel X33 -Sel
Milford Lumber Company ships construction materials from three wood-processing plants to three retail stores. The shipping cost, monthly production capacities, and monthly demand for frami below. Let: Plant Store C 1 Store B $3.30 $2.40 $1.20 2 $2.50 3 $1.70 $4.60 Demand 160 540 Formulate a linear optimization model for this problem, implement your model on a spredsheet, and use Excel Solver to find a solution that minimizes total distribution costs. If the constant is "1". X11 = number of components produced in Plant 1 and supplied to Store A X12 = number of components produced in Plant 1 and supplied to Store B X13 = number of components produced in Plant 1 and supplied to Store C X21 = number of components produced in Plant 2 and supplied to Store A Xz2 = number of components produced in Plant 2 and supplied to Store B X23 = number of components produced in Plant 2 and supplied to Store C X31= number of components produced in Plant 3 and supplied to Store A X32 = number of components produced in Plant 3 and supplied to Store B X33 = number of components produced in Plant 3 and supplied to Store C X12+ X13+ Min X11+ Subject to the constraints X11+ | X11 X12+ X13 X12 X21+ X13 X21+ Store A $5.50 $5.80 $2.90 790 X21 X22+ X22+ X23+ Capacity 320 720 510 X23 X31+ X22 + X23 X11, X12, X13, X21, X22, X23, X31, X32, X33 20 What is the value of total distribution costs at the optimal solution? Use the Excel solver to find the optimal solution. Round your answer to the nearest dollar. X31+ X31 + X32+ X32+ X32 + X33 -Sel -Sel X33 -Sel -Sel -Sel X33 -Sel
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...
Related questions
Question
Please do fast
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 3 images
Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.