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Is anyone familiar with Excel using Linear Optimization Modeling?...I been working an a question and hit a road block..Using solver...to solve..I get an note that

Is anyone familiar with Excel using Linear Optimization Modeling?...I been working an a question and hit a road block..Using solver...to solve..I get an note that says "Objective Cell Contents Must be a formula".( See screen Shoots attached of my problem setup).

Could you demonstrate this problem on the solver and show how you derived to those answer using a sensitivity report . Please answer #1-6.Thank you.

image text in transcribedimage text in transcribed

\fSECTION B: Linear Optimization Modeling Problem: Burger Office Equipment produces two types of desks: standard and deluxe. Deluxe desks have oak tops and more expensive hardware and require additional time for finishing and polishing. Standard desks require 80 sq. ft. of pine and 10 hours of labor, while deluxe desks require 60 sq. ft. of pine, 18 sq. ft. of oak, and 16 hours of labor. For the next week, the company has 5,000 sq. ft. of pine, 750 sq. ft. of oak, and 400 hours of labor available. Standard desks net a profit of $150, while deluxe desks net a profit of $320. All desks can be sold. 1) Develop a linear mathematical optimization model to determine how many of each desk the company should make next week to maximize profit contribution. 2) Implement your model on a spreadsheet and find an optimal solution using Solver. 3) Explain the reduced cost associated with standard desks. 4) What constraints are binding? 5) If 25% of the oak is determined to be cosmetically defective, how will the optimal solution be affected? 6) The shop supervisor has suggested that his workers be allowed to work an additional 50 hours at an overtime premium of $12/hr - is this a good idea? Why or why not

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