Implement the linear optimization model that you developed for Valencia Products in Problem 1in Excel and use Solver to find an optimal solution. Interpret the Solver Answer report and identifythe binding constraints and verify the values ofthe slack variables by substituting the optimalsolution into the model constraints.1. Valencia Products makes automobile radar detectors and assembles two models:LaserStop and SpeedBuster. The firm can sell all it produces. Both models usethe same electronic components. Two of these can be obtained only from a singlesupplier. For the next month, the supply of these is limited to 4,000 of componentA and 3,500 of component B. The number of each component required for eachproduct and the profit per unit are given in the table.LaserStopSpeedBusterComponentsRequired/UnitABProfit/unit186$241210$40a. Identify the decision variables, objective function, and constraints in simpleverbal statements.b. Mathematically formulate a linear optimization model.

Linear Programming is a technique used to find the optimal values of decision variables that…

Answered: the same electronic components. Two of…

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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