Question: I need help to build a simple linear programming model from scratch by only doing a-d in excel and do not know how to do

I need help to build a simple linear programmingI need help to build a simple linear programmingI need help to build a simple linear programmingI need help to build a simple linear programming model from scratch by only doing a-d in excel and do not know how to do it. need to use analytic solver

indicates that at least a partial answer is given in the back of the book. 5.1.* One of the products of the G. A. Tanner Company is a special kind of toy that provides an estimated unit profit of $3. Because of a large demand for this toy, management would like to increase its production rate from the current level of 1,000 per day. However, a limited supply of two subassemblies (A and B) from vendors makes this difficult. Each toy requires two subassemblies of type A, but the vendor providing these subassemblies would only be able to increase its supply rate from the current 2,000 per day to a maximum of 3,000 per day. Each toy requires only one subassembly of type B, but the vendor providing these subassemblies would be unable to increase its supply rate above the current level of 1,000 per day. Because no other vendors currently are available to provide these subassemblies, management is considering initiating a new production process internally that would simultaneously produce an equal number of subassemblies of the two types to supplement the supply from the two vendors. It is estimated that the company's cost for producing one subassembly of each type would be $2.50 more than the cost of purchasing these subassemblies from the two vendors. Management wants to determine both the production rate of the toy and the production rate of each pair of subassemblies (one A and one B) that would maximize the total profit. Viewing this problem as a resource-allocation problem, one of the company's managers has organized its data as follows: Resource Usage per Unit of Each Activity a. Formulate and solve a spreadsheet model for this problem. b. Since the stated unit profits for the two activities are only estimates, management wants to know how much each of these estimates can be off before the optimal solution would change. Begin exploring this question for the first activity (producing toys) by using the spreadsheet and Solver to manually generate a table that gives the optimal solution and total profit as the unit profit for this activity increases in 50 increments from $2.00 to $4.00. What conclusion can be drawn Produce Toys Produce Subassemblies -1 Resource Subassembly A Subassembly B Unit profit Amount of Resource Available 3,000 1,000 2. 1 -1 -$2.50 $3 page 189 increments. Use these data to refine your conclusions in parts b and c. about how much the estimate of this unit profit can differ in each direction from its original value of $3.00 before the optimal solution would change? c. Repeat part b for the second activity (producing subassemblies) by generating a table as the unit profit for this activity increases in 50 increments from -$3.50 to -$1.50 (with the unit profit for the first activity fixed at $3). e. Use Solver's sensitivity report to find the allowable range for the unit profit of each activity. AS f. Use a two-way parameter analysis report to systematically generate the total profit as the unit profits of the two activities changed simultaneously as described in parts band c. are AS d. Use a parameter analysis report to systematically generate all the data requested in parts b and c, except use 25 increments instead of 50 g. Use the information provided by Solver's sensitivity report to describe how far the unit profits of the two

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!