PROBLEM SET 2.4A
1. Modify the Reddy Mikks Solver model of Figure 2.12 to account for a third type of paint
named "marine."Requirements per ton ofraw materials 1 and 2 are .5 and .75 ton, respectively.The daily demand for the new paint lies between .5 ton and 1.5 tons.The profit
per ton is $3.5 (thousand).
2. Develop the Excel Solver model for the following problems:
(a) The diet model of Example 2.2-2.
(b) Problem 16, Set 2.2a
(c) The urban renewal model ofExample 2.3-1.
*(d) The currency arbitrage model of Example 2.3-2. (Hint:You will find it convenient to
use the entire currency conversion matrix rather than the top diagonal elements
only. Of course, you generate the bottom diagonal elements by using appropriate
Excel formulas.)
(e) The multi-period production-inventory model ofExample 2.3-5.