Explore BrainMass
Share

Explore BrainMass

    Cost Minimization problem using Excel

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Given the following linear programming problem:
    Min Z = 2x + 8y
    Subject to (1) 8x + 4y 64
    (2) 2x + 4y 32
    (3) y 2
    At the optimal solution the minimum cost is:

    a. $30
    b. $40
    c. $50
    d. $52
    d. $53.33

    © BrainMass Inc. brainmass.com October 9, 2019, 5:59 pm ad1c9bdddf
    https://brainmass.com/business/cost-minimization-strategies/cost-minimization-problem-using-excel-74464

    Solution Summary

    This posting provides solution to cost minimization problem using excel.

    $2.19