Set Up and Solve the Following Nonlinear Programming Problem Using

question 35

Essay

Set up and solve the following nonlinear programming problem using Excel:
$$\begin{array} { l } \text { Max: } 10 \mathrm { X } _ { 1 } + 15 \mathrm { X } _ { 2 } + 5 \mathrm { X } _ { 3 } + 2 \mathrm { X } _ { 3 } 3 \\\text { Subject to } \\\mathrm { X } _ { 1 } + \mathrm { X } _ { 2 } + \mathrm { X } _ { 3 } \leq 50 \\2 \mathrm { X } _ { 1 } + 3 \mathrm { X } _ { 2 } \leq 150 \\\mathrm { X } _ { 1 } , \mathrm { X } _ { 2 } , \mathrm { X } _ { 3 } \geq 0\end{array}$$

---

Definitions:

Accounts Payable

Money owed by a business to its suppliers shown as a liability on the company's balance sheet.

Expenses Paid

Funds that have been disbursed to cover the costs incurred by a business or individual.

Payment of Liability

The process of discharging obligations or debts by transferring assets, typically cash, to the creditor or lender.

Purchase of Asset

The act of acquiring a tangible or intangible resource that is expected to provide benefits to a business over multiple periods.