Question: 1 . Open the Excel spreadsheet Solver Assessment Spreadsheet. 2 . Save the spreadsheet as: Firstname _ Lastname _ Solver Assessment Spreadsheet. 3 . First

1. Open the Excel spreadsheet Solver Assessment Spreadsheet.
2. Save the spreadsheet as: Firstname_Lastname_Solver Assessment Spreadsheet.
3. First calculate the inventory used in cell F10(=C10*$C$6+D10*$D$6+E10*$E$6). Copy the formula to F11:F14. NOTE: Nothing will change in these cells until you add variables and constraints.
4. Start Solver (Data Tab, Analysis Group). If you dont have it refer to the Training to add.
5. Use the Total Profits cell as the objective ($C$18)..
6. You want to maximize profits.
7. Enter the variable cells that you want to change to achieve maximum profits ($C$6:$E$6).
8. Add the following constraints:
a. The leftover stock of raw materials should be greater than or equal to zero. So, enter $G$10:$G$14 as the cell reference, then greater than or equal to (>=), then 0 as the constraint.
b. The quantity of the three products (television set, stereo, and speaker) should be greater than or equal to zero. So, enter $C$6:$E$6>=0 as done for the preceding point.
9. Select the solving method as GRG nonlinear.
10. Click solve. Click to keep the solution. Review the results.

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