This assignment requires using the Excel add-in called Solver. Sam manufacturing company produces two types of...

This assignment requires using the Excel add-in called Solver.

Sam manufacturing company produces two types of tires: Economy tires and Premium tires. The manufacturing time and the profit contribution per tire are given in the following table.

Answer the following assuming that the company is interested in maximizing the total profit contribution.

What is the linear programming model for this problem?
Develop a spreadsheet model and find the optimal solution using Excel Solver. How many tires of each model should Gatson manufacture?
What is the total profit contribution Gatson can earn with the optimal production quantities?

Operation	Manufacturing Time (Hours)	Time Available
Operation	Economy tires	Premium tires	Hours
Material Preparation	4/3	1/2	600
Tire Building	4/5	1	650
Curing	1/2	2/4	580
Final Inspection	1/5	1/3	120
Profit/Tire	$12	$10

Expert Solution

ANSWER:

orchestra answered 1 year ago

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