Question: Please help me with this question. I ONLY NEED HELP WITH SOLVING ON EXCEL I want you to give me a screenshot of the formulas
Please help me with this question. I ONLY NEED HELP WITH SOLVING ON EXCEL
I want you to give me a screenshot of the formulas you input in the excel cells and a screenshot of your solver parameters ( which shows constraints, etc).
I repeat ONLY send me a screenchot of excel fromulas in each cell and a screenshot of your solver parameter
There are ten communities located along Highway # 2, none of which is currently
served by the Bank of New Scotland. The Bank is considering opening up to
three branches in the ten communities (no more than one branch per community).
They believe that they will capture 20% of the market in those communities in
which a branch is constructed. Furthermore, they believe that they will capture
10% of the market in any community which does not have its own branch but
which is contiguous to a community (on either or both sides) which does have
a branch. Each branch would have an annual overhead cost of $130,000. Each
customer would give an annual contribution to profit of $25. The population of
each community is:
| Community | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| Population (000's) | 1 | 17 | 4 | 12 | 30 | 1 | 9 | 20 | 10 | 8 |
Maximize 5N1 + 2.5N2 130B
Subject to number of branches B3
Balance, branches -B + summation n= 10; i=1 = 0
Balance, N1 -N1 + Y1 + 17Y2 + 4Y3 +12Y4 +
30Y5 + Y6 + 9Y7 + 20Y8 + 10Y9 + 8Y10 = 0
Balance, N2 -N2 + Z1 + 17Z2 + 4Z3 + 12Z4 +30Z5
+Z6 + 9Z7 + 20Z8 + 10Z9 + 8Z10 = 0
Relationship 1 Yi + Zi 1 I = 1
between Ys and Zs
Relationship 2 -Y2 + Z1 0
Between Ys and Zs -Yi 1 Yi + 1 + Zi 0 i = 2
-Y9 + Z10 0
N, N, B 0; all Yi, Zi
FOR EXCEL MODEL, THE FORMULA FOR THE OBJECTIVE CELL IS: =SUMPRODUCT(B4:X4, B5:X5)1000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
