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Allocating Resources in Excel using Solver - Optimize the quantity of individual production units that depend on varying amounts of fixed resources. The allocating -
Allocating Resources in Excel using Solver Optimize the quantity of individual production
units that depend on varying amounts of fixed resources.
The allocatingresources.xlsx spreadsheet contains a model formulation for a toy company
Toys For Us that makes five different toys. These toys use six different materials in
varying amounts. For example, Toy uses units of red paint, unit of blue paint, units
of white paint, unit of plastic, and units of wood, and units of glue. Column shows
the current inventory of each type of material. Row shows the unit profit for each toy.
Run Solver being sure to use Simplex LP as the solver then:
a discuss the results that you obtain with respect to the quantity of each item produced,
inventory used and remaining, and overall company profit.
b Discuss which resources are most constrained and what would be the impact if you
were able to add more resources. Experiment with the levels of resources to inform
your discussion
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