The work has not been graded but I like the output that was submitted to me. Is it possible for the same prof to do the next assignment I will be submitting? If possible, I will greatly appreciate it.
Linear Programming: Production Problem
A manufacturing company produces four different models of integrated circuits. Each type of circuit requires material, labor, and machine time. The optimal combination of the four types of circuits is limited by the constraints of availability for these three resources. The formulation of the linear programming production problem is:
Maximize Z = 12×1 + 10×2 + 15×3 + 11×4 (objective function for profit)
Subject to the following constraints:
Nonnegativity: x1, x2, x3, x4 >= 0
Where: x1 = quantity of Product 1 produced x2 = quantity of Product 2 produced x3 = quantity of Product 3 produced x4 = quantity of Product 4 produced
Use Microsoft Excel and Solver to find the optimal solution for the production problem. Be sure that values selected by the computer are integers (as it doesn’t make any sense to discuss producing part of a unit of a product).
Include your interpretation of the results by stating:
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