Question: Solver is a useful tool built into Excel that allows us to take a system of equations that is dependent on multiple variables and evaluate
Solver is a useful tool built into Excel that allows us to take a system of
equations that is dependent on multiple variables and evaluate a desirable
solution. Often applied in terms of inventory, or basic supply chain and
optimization, Solver proves to be a useful tool for minimizing cost in many
different industries.
Remember the company in Part they are still in the process of identifying
how to reduce their costs and eliminate any unnecessary expenditure. From
your knowledge of the utilization of Solver, find the optimized minimum
acquisition cost of some of their produce from the supplier, given some set of
constraints provided below:
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