(Solved) Howie Jones owns and operates Blue Ridge Hot Tubs, a company that sells two models of hot tubs: the Aqua-Spa and the Hydro-Lux. Howie purchases
Question: Howie Jones owns and operates Blue Ridge Hot Tubs, a company that sells two models of hot tubs: the Aqua-Spa and the Hydro-Lux. Howie purchases prefabricated fiberglass hot tub shells and installs a common water pump and the appropriate amount of tubing into each hot tub. Every Aqua-Spa requires 9 hours of labor and 12 feet of tubing; every Hydro-Lux requires 6 hours of labor and 16 feet of tubing. Demand for these products is such that each Aqua-Spa produced can be sold to generate a profit of $350, and each Hydro-Lux produced can be sold to generate a profit of $300. The company expects to have 200 pumps, 1,566 hours of labor, and 2,880 feet of tubing available during the next production cycle. Determine the optimal number of A qua-Spas and Hydro-Luxes to produce to maximize profits.
- What are the objective function, decision variables, and constraints for this optimization problem?
- Develop an Excel spreadsheet and use Excel-Solver to find an optimal solution for this problem. (Follow highlighted instructions at top of page!)
c. Describe the optimal solution in words.
Deliverable: Word Document 