Question: I do not need the answers to this problem. I need to build a model in Solver in Excel to determine the maximum revenue based
I do not need the answers to this problem. I need to build a model in Solver in Excel to determine the maximum revenue based on the data given. I cannot get my model to work and need assistance in figuring out what to enter in the fields in Solver. I am learning Solver but not getting any assistance in the classroom or textbook.
The exercise states We have units of product to sell over a fiveday period. From historical sales data, we have estimated the following demand curves:
Ppriceunit in $
Qnumber of units sold
Day Day and Day : PQ valid for prices between $ and $
Day : PQ valid for prices between $ and $
Day : PQ valid for prices between $ and $
I have columns for each day with the units sold set as the variable and the curve demand formulas entered in price. The constraints entered are total units sold
Each day constraints to set values and for the valid price range.
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