Problem and Applications
: ch 13- prob 7 [Klein Industries manufactures three types of portable air compressors] in page 451 at the end of chapter 13 in your textbook, USA 5th edition. The data is given as part of the question. There is no external data set provided. Use what is given by the problem.
Bending/forming 0.4 0.7 0.8 23,400
How many of each type of air compressor should the company produce to maximize profit?
Solution Tip: You must use Solver tool in Excel. Set your constraints right, and fill in the solver dialogue box properly. Be sure to review links provided in the last lesson, or in one of the announcements in the first week of class. Here is a You Tube link you could view:
Also additional slides to explain basics and a basic example is attached. The example and slides are for demonstration and illustration purpose only to help practice how to use solver tool.