Question: Please give me a way I can answer this question in Excel. Please answer all parts including the explanationQuestion 4 A fast food chain plans

Please give me a way I can answer this question in Excel. Please answer all parts including the explanationQuestion 4 A fast food chain plans to expand by opening several new restaurants. The chain operates three types of restaurants, drive-through, truck-stop, and full-service. - A drive-through restaurant costs \(\$ 100,000\) to construct and furnish, requires 5 employees, and has an expected annual revenue of \(\$ 200,000\).- A truck-stop restaurant costs \(\$ 20,000\) to funish (no construction costs), requires 3 employees, and has an expected annual revenue of \(\$ 120,000\). Ca - A full-service restaurant costs \(\$ 150,000\) to construct and funish, requires 18 employees, and has an expected annual revenue of \(\$ 600,000\).- The chain has \(\$ 2,200,000\) in capital available for expansion. - Labor contracts require that they hire no more than 210 employees, and licensing restrictions require that they open no more than 20 new restaurants. \begin{tabular}{|c|c|c|c|c|c|c|c|c|}\hline Type of Restaurant: & Driive thru & Truck stop & Full service & & & & & \\\hline Revenue per Restaurant: & \(\$ 200,000.00\) & \(\$ 120,000.00\) & \(\$ 600,000.00\) & & & & & \\\hline Constraints & & & & Usage & Constraint & Available & \multicolumn{2}{|c|}{ Left over }\\\hline Capital available & \(\$ 100,000.00\) & \(\$ \quad 20,000.00\) & \(\$ \quad 150,000.00\) & \(\$ 2,130,000.00\) & & \(\$ 2,200,000.00\) & \(\$ \) & \(70,000.00\)\\\hline Employees available & 5 & 3 & 18 & 209.00 & & 210 & \(\$ \) & 1.00\\\hline Restaraunts available & 1 & 1 & 1 & 20.00 & & 20 & \(\$ \) & -\\\hline \end{tabular} List the constaints in the table to the left. You may also list them below if that's helpful for you. \begin{tabular}{|r|c|}\hline Restaurant type & \\\hline Drive thru & 7.00\\\cline {2-2} truck stop & 4.00\\\hline full service & 9.00\\\cline {2-3} & \(\$ \quad 7,280,000.00\)\\\hline \end{tabular} How many Drive-throughs should be opened? (include 2 decimal points) How many Truck-stops should be opened? (include 2 decimal points) How many Full-service should be opened? (include 2 decimal points) a) Generate a sensitivity report. b) Next add an integer constraint in Solver (this is in addition to the constraints you already have) to find the maximum revenue and the number of each to open. Use this report to answer the questions below. Which resource is holding us back the most? (capital, labor, licensing) Looking at the Allowable Decrease, if the Drive-thru revenue was only \(\$ 185,000\) would the final number recommended for each type of restaurant change? (yes or no) d) Looking at the surplus above and the sensitivity analysis, interpret the sensitivity analysis and make some suggestions for the company. Type your answer below.

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!