A Company Needs to Purchase Several New Machines to Meet

question 28

Essay

A company needs to purchase several new machines to meet its future production needs. It can purchase three different types of machines A, B, and C. Each machine A costs $80,000 and requires 2,000 square feet of floor space. Each machine B costs $50,000 and requires 3,000 square feet of floor space. Each machine C costs $40,000 and requires 5,000 square feet of floor space. The machines can produce 200, 250 and 350 units per day respectively. The plant can only afford $500,000 for all the machines and has at most 20,000 square feet of room for the machines. The company wants to buy as many machines as possible to maximize daily production.
What values would you enter in the Risk Solver Platform (RSP) task pane for the following cells for this Excel spreadsheet implementation of the formulation for this problem?
Objective Cell:
Variables Cells:
Constraints Cells:

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Definitions:

To Store

The act of keeping or placing something in a designated location for future use.

Sign Language

A visual language that uses gestures, facial expressions, and body language to convey meaning, primarily used by the deaf and hard of hearing.

Comprehend Grammatical

The ability to understand and process the rules and structures that govern the syntax and morphology of a language.

Correctly Imitate

The ability to accurately replicate the actions or behaviors of others, often a key component in learning and social interaction.