Valencia Products makes automobile radar detectors and assembles two models: LaserStop and SpeedBuster. Both models use the same electronic components. After reviewing the componentsrequired and the profit for each model, the firm found the following linear optimization model for profit, where L is the number of LaserStop models produced and S is the number of SpeedBustermodels produced. Implement the linear optimization model on a spreadsheet and use Solver to find an optimal solution. Interpret the optimal solution, identify the binding constraints, and verify thevalues of the slack variables.Maximize Profit = 124 L +137 S17 L+12 S≤50005L+9S≤4500L≥0 and S≥O(Availability of component A)(Availability of component B)Implement the linear optimization model and find an optimal solution. Interpret the optimal solution.The optimal solution is to produce 0 LaserStop models andSpeedBuster models. This solution gives the maximum possible profit, which is $.(Type integers or decimals rounded to two decimal places as needed.)

Part 2: Approach to solving the questionTo implement the linear optimization model and find the…

Answered: Valencia Products makes automobile…

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter12: Algebra Of Matrices

Section12.CR: Review Problem Set

Problem 37CR

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