Question
Please use excel to solve this Use solver to minimize the total costs. Round your answer to the nearest dollar. You run Merciete, a company
Please use excel to solve this
Use solver to minimize the total costs. Round your answer to the nearest dollar.
You run Merciete, a company selling manufactured homes. Your current catalogue covers 3 sub models of homes that are later assembled with other components into a working house: V412, V512 and V612.
You recently acquired a contract to provide at minimum 2000 V412 parts, 3750 V512 parts and 1700 V612 parts. Each of these parts costs $17, $19 and $23 to produce, respectively. Optionally, you have a contract to outsource these parts at $20.40, $21.85 and $25.76 respectively. At least 60% of the minimum amount listed in the contract for each product must be produced in-house to meet the quality standards of your contract.
Each part made in-house must first be fabricated and then inspected. You currently have 16500 man-hours for fabrication and 1600 man-hours for inspection. Below is a table of the times for each part:
Hours Required | |||
Product | V412 | V512 | V612 |
Fabrication Time | 2.50 | 3.40 | 3.80 |
Inspection Time | 0.25 | 0.30 | 0.45 |
Parts that are outsourced incur 0 fabrication time from your factory and are allowed to skip the internal inspection.
Use solver to minimize the total costs. Round your answer to the nearest dollar.
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