Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics
Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics
7th Edition
ISBN: 9781285418681
Author: Cliff Ragsdale
Publisher: Cengage Learning
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Chapter 3, Problem 5QP
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To develop: A spreadsheet model for the problem and solve it using solver.

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thec Technologies Corporation (RTC) manufactures two radar models to monitor the speed of missiles. Deluxe model has an accuracy of plus or minus 2 km per hour, whereas standard model has an accuracy of plus or minus 3 km per hour. For the next week, the company has orders for 160 units of deluxe model and 240 units of standard model. Although RTC purchases all the electronic components used in both models, the plastic cases for both models are manufactured at a RTC plant in Chicago. Each deluxe model case requires 4 minutes of injection-molding time and 6 minutes of assembly time. Each standard model case requires 3 minutes of injection-molding time and 8 minutes of assembly time. For next week the Chicago plant has 960 minutes of injection-molding time available and 1728 minutes of assembly time available. The manufacturing cost is $10 per case for deluxe model and $6 per case for standard model. Depending upon demand and the time available at the C plant, RTC occasionally purchases…
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