R1 Valencia Products makes automobile radar detectors and assembles two models: LaserStop and SpeedBuster. Both models use the same electronic components. After reviewing the components required and the profit for each model, the firm found thefollowing linear optimization model for profit, where L is the number of LaserStop models produced and S is the number of SpeedBuster models produced. Implement the linear optimization model on a spreadsheet and use Solver to find an optimal solution.Interpret the optimal solution, identify the binding constraints, and verify the values of the slack variables.Maximize Profit = 123 L+ 138 S19 L+ 12 S<40006 L+9 S<3500L20 and S2 0(Availability of component A)(Availability of component B)Implement the linear optimization model and find an optimal solution. Interpret the optimal solution.The optimal solution is to produce LaserStop models andSpeedBuster models. This solution gives theV possible profit, which is $(Type integers or decimals rounded to two decimal places as needed.)

Implement the linear optimization model and find an optimal solution. Interpret the optimal solution. The optimal solution is to produce O LaserStop models andO SpeedBuster models. This solution gives the possible profit, which is $ (Type integers or decimals rounded to two decimal places as needed.)

Implement the linear optimization model and find an optimal solution. Interpret the optimal solution. The optimal solution is to produce O LaserStop models andO SpeedBuster models. This solution gives the possible profit, which is $ (Type integers or decimals rounded to two decimal places as needed.)

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter5: Network Models

Section: Chapter Questions

Problem 67P

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Valencia Products makes automobile radar detectors and assembles two models: LaserStop and SpeedBuster. Both models use the same electronic components. After reviewing the components required and the profit for each model, the firm found the following linear optimization model for profit, where L is the number of LaserStop models produced and S is the number of SpeedBuster models produced. Implement the linear optimization model on a spreadsheet and use Solver to find an optimal solution. Interpret the optimal solution, identify the binding constraints, and verify the values of the slack variables. Maximize Profit = 123L+139S 17 L+11 S≤5000 (Availability of component A) 5L+9S≤4500 (Availability of component B) L≥0 and S≥0 Implement the linear optimization model and find an optimal solution. Interpret the optimal solution. The optimal solution is to produce _ LaserStop models and _ SpeedBuster models. This…
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