You are trying to create a budget to optimize the use of a portion of your disposable income. You have a maximum of $2,300 per month to be allocated to food, shelter, and entertalnment. The amount spent on food and shelter combined must not exceed $1,500. The amount spent on shelter alone must not exceed $900. Entertainment cannot exceed $700 per month. Each dollar spent on food has a satisfaction value of 6, each dollar spent on shelter has a satisfaction value of 2, and each dollar spent on entertalnment has a satisfaction value of 8. Assuming a linear relationship, use the Excel Solver to determine the optimal allocation of your funds. (Leave no cells blank - be certaln to enter "O" wherever requlred. Round your answers to the nearest whole number.) Decision for F Decision for S Decision for E Total Satisfaction Resources Used Total budget S on food and shelter S on shelter S on entertainment

You are trying to create a budget to optimize the use of a portion of your disposable income. You have a maximum of $2,300 per month to be allocated to food, shelter, and entertalnment. The amount spent on food and shelter combined must not exceed $1,500. The amount spent on shelter alone must not exceed $900. Entertainment cannot exceed $700 per month. Each dollar spent on food has a satisfaction value of 6, each dollar spent on shelter has a satisfaction value of 2, and each dollar spent on entertalnment has a satisfaction value of 8. Assuming a linear relationship, use the Excel Solver to determine the optimal allocation of your funds. (Leave no cells blank - be certaln to enter "O" wherever requlred. Round your answers to the nearest whole number.) Decision for F Decision for S Decision for E Total Satisfaction Resources Used Total budget S on food and shelter S on shelter S on entertainment

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter3: Introduction To Optimization Modeling

Section: Chapter Questions

Problem 41P

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