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In: Accounting

SOLVE THE FOLLOWING 2 LINEAR PROGRAMMING PROBLEMS USING EXCEL AND THE SOLVER ADD-IN. PLEASE SHOW ME...

SOLVE THE FOLLOWING 2 LINEAR PROGRAMMING PROBLEMS USING EXCEL AND THE SOLVER ADD-IN. PLEASE SHOW ME ALL THE EXCEL STEPS.

PROBLEM #1:   Maximize Z = $60X + $90Y

                            Subject to:   60X + 30Y >= 1,500

                                                    100X + 100Y <= 6,000

                                                                             Y >= 30

                                                                          X, Y >= 0

PROBLEM #2: Minimize Z = $3,000X + $1,000Y

                             Subject to:   60X + 20Y >= 1,200

                                                        10X + 10Y >= 400

                                                     40X + 160Y >= 2,400

                                                                         X, Y >= 0

Solutions

Expert Solution

Problem #1:

Step 1: Fill in the data and provide formula as follows in the excel sheet:

Step 2: Go to Data->Solver-> fill in the following links wherever provided:

Step 3: Click on Solve. We get the following results:

Objective X Y
Units 0 60.00
Z 60 90 5400.00
X Y Maximum
Constraint 1 60 30 1800.00 1500
Constraint 2 100 100 6000.00 6000
Constraint 3 1 60.00 30

Hence, only when Y =60 and X=0, Z is maximum.

Problem #2:

Step 1: Fill in the data and provide formula as follows in the excel sheet:

Step 2: Go to Data->Solver-> fill in the following links wherever provided:

Step 3:

Objective X Y
Units 10 30.00
Z 3000 1000 60000.00
X Y Maximum
Constraint 1 60 20 1200.00 1200
Constraint 2 10 10 400.00 400
Constraint 3 40 160 5200.00 2400

Hence Z is minimum when x=10 and y=30.


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