Question: Using the same data shown here you will create a aggregate plan and then evaluate those plans from a managerial perspective. Please make sure you
Using the same data shown here you will create a aggregate plan and then evaluate those plans from a managerial perspective. Please make sure you leave enough time to do a careful evaluation of the plan results. It is a critical part of your homework grade.
Plan ANo Promotion
Use Maximize Profit as the objective function.
Complete the spreadsheet by entering formulas for each cost cells C through I and B each definitional constraint range of cells B:E and the Total Cost, Total Revenue, and Total Profit formulas. Don't forget to include possible December backlogs in your total revenue equation.
Complete the Solver Window model.
a Use maximize profit as the objective function
b Select the change cell range
c Enter the must have constraints and do a preliminary analysis to make sure the model runs.
d Add the constraint on ending inventory. Note you must have a minimum of units, but may have more.
e Add constraints preventing hiring and firing.
Run the model and check your results. You must get a solution.
Proceed to Plan B by doing the following:
a Save the Solver model in an empty range on this spreadsheet.
b Copy this spreadsheet into the Plan B worksheet.
c Load the Solver model into the Plan B worksheet and follow the instructions posted on that worksheet.
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