Valencia Products makes automobile radar detectors and assemblestwo models: LaserStop and SpeedBuster. Both models use the sameelectronic components. After reviewing the components required and theprofit for each model, the firm found the following linear optimization modelfor profit, where L is the number of LaserStop models produced and S isthe number of SpeedBuster models produced. Implement the linearoptimization model on a spreadsheet and use Solver to find an optimalsolution. Interpret the optimal solution, identify the binding constraints, andverify the values of the slack variables.Maximize Profit = 123 L+ 139 S18 L 11 S≤ 30005 L+9 S≤2500L≥ 0 and S≥ 0(Availability of component A)(Availability of component B)Implement the linear optimization model and find an optimal solution. Interpretthe optimal solution.The optimal solution is to produceLaserStop models andpossible profit,SpeedBuster models. This solution gives thewhich is $(Type integers or decimals rounded to two decimal places as needed.)

Maximize Profit = (Availability of component A) (Availability of component B)

Answered: Valencia Products makes automobile…

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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Valencia products makes automobile radar detectors and assembles two models. Laser stop and Speedbuster both models use the same electronic components after reviewing the components required and the profit for each model, the firm found the following linear optimization model for profit, where L is the number of LaserStop models produced and S is the number of Speedbuster models produced. Implement the linear optimization model on a spreadsheet and use. Solver to find an optimal solution. Interpret the optimal solution, identify the binding constraints and verify the values of the slack variables . Maximize profit = 123 L + 139 S 19 L + 11 S < 4,000 (availability of component A) 6 L + 9 S < 35000 (availability of component B) L > 0 and S > 0 The optimal solution is to produce how many Laser stop models ? And how many Speedbuster models ? The maximum possible profit is ? Component A is or is not a binding…
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