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In your Excel HW# 3 file - Click the Solver Tab, familiarize yourself with the initial data model then INVOKE the Excel Solver tool so
In your Excel HW# file Click the Solver Tab, familiarize yourself with the initial data model then INVOKE the Excel Solver tool so as to do the step up steps for this optimization problem:
Objective: Maximize Total Estimated Profit from Production of the different models of Skateboards
Changing Cells: Determine the OPTIMAL mix of production for all skateboard models given the constraints below Hint: Row
Constraints: ADD these constraints Hint: use RANGES of Cells!
Optimal Product Production Levels can not exceed the maximum production levels for all products individually
The Minimum Production Levels must be taken into consideration for all products individually
The automatically calculated # of BOM Bill of Materials component Parts "Required" for production must not exceed the Beginning Inventory Available quantities on a perpart basis
Now SOLVE AND "Keep Solver Solution" by clicking OK to preservesaveupdate the results so as to answer the REST of the questions for this portion of the Homework correctly NOTE: If it does not SOLVE then you need to work on itfix it meaning or more of the settings so that it doeswill solve!
After using Solver, The TOTAL Optimal production for all Skateboard Product is
After using Solver, The Optimal production level for the "Standard" Skateboard Product is
After invoking Solver to determine the Optimal maximum Total Estimated Net Profit from Production the solvercalculated estimated Net Profit for the STANDARD Skateboard product is
After invoking Solver to determine the Optimal maximum Total Estimated Net Profit from Production the solvercalculated estimated Net Profit for the DELUXE Skateboard product is
After Solving the data model, the Uifdated Ending Inventory level ColI for component part BEAR is
Superscript
After Solving the data model, the updated Ending Inventory level Col I
SKATERWORLD PRODUCTION SCHENULE
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Production BOM: Bill of Materials
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