Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics
Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics
7th Edition
ISBN: 9781285418681
Author: Cliff Ragsdale
Publisher: Cengage Learning
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Chapter 3, Problem 4QP
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To develop: A spreadsheet model for the problem and solve it using solver.

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Tokyo Company needs the resources indicate below to produce its products Product Labor (hr./unit) Material (Ib./unit) Profit (S/unit) $3 2. 2. 3. 4. Tokyo Company has a daily labor capacity of 240 available hours and a daily supply of 400 pounds of material. The general linear programming formulation for this problem is as follows maximize 2 3 + Sxy + 2 subject to Sx + 2 + 4xy s 240 4x + Gry + 3y s 400 Management has developed the following set of goals, arranged in order of their importance to the firm (1) Because of recent labor relations difficulties, management wants to avoid underutilization of normal production capacity (2) Management has established a satisfactory profit level of S500 per day (3) Overtime is to be minimized as much as possible (4) Management wants to minimize the purchase of additional materials to avoid handling and storage problems.
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B. For each of the following, you are to set up a linear program and solve the problem using the Excel Solver. 5. Freshly Baked Hub has 3 warehouses and 3 branches store. The following table shows the shipping costs between each warehouses and store, the warehouse capabilities and store capacities. Branch Store To Capabilities From Y A P 350 P 400 P 280 7,000 B P 197 P 510 P 370 8,000 P 470 P 630 P 285 12,000 Сарacity 6,000 14,000 7,000 27,000 Linear Program: Solver Solution: х1 x2 х3 х4 х5 х6 х7 х8 х9 Decision: Constraints: Total Sign Capability 1 2 3 4 5 Minimize C: Warehouse
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