Question: Please help me to solve this question using Excel ( This class mainly uses solver function ) : Derrick is deciding between 4 different equipment
Please help me to solve this question using Excel This class mainly uses solver function:
Derrick is deciding between different equipment options.
He can keep his current equipment which produces units at an average cost of $Unit However, it requires significant support staff for maintenance purposes. This requires employees with an average salary of $ per year.
He could purchase Equipment A for $ which would allow him to produce units at $unit and would only require employees to provide support, each with an average salary of $
He could also purchase Equipment B for $ which would allow him to produce units at a cost of $Unit and would only require employees to provide support, each with an average salary of $
Derrick's final option is to purchase Equipment C for $ This would allow for the cheapest cost of production $Unit and would only need to be overseen by a single employee making $Year
If Derrick decides to purchase a new piece of equipment the old equipment may be resold for $
Derrick is unsure what his levels of production will be but would like a spreadsheet model that would allow him to compare performance given various equipment lifespans and levels of production. All models should share those input cells
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