The WorldLight Company produces two light fixtures (products 1 and 2) that require both metal fra...
The WorldLight Company produces two light fixtures (products 1 and 2) that require both metal frame parts and electrical components. Management wants to determine how many units of each product to produce per week so as to maximize profit. For each unit of product 1, one unit of frame parts and two units of electrical components are required. For each unit of product 2, three units of frame parts and two units of electrical components are required. The company has a weekly supply of 3,000 units of frame parts and 4,500 units of electrical components. Each unit of product 1 gives a profit of $13, and each unit of product 2, up to 900 units, gives a profit of $26. Any excess over 900 units of product 2 brings no profit, so such an excess has been ruled out.
a. Formulate this model algebraically (write out the math problem).
b. Formulate and solve a linear programming model for this problem on a spreadsheet. Provide a screen shot of your Excel model and highlight the objective function and decision variables. Provide a screenshot of how you setup Solver.