Question
Write the Excel formula for each cell marked with ?? in column B of figure 1, and label each formula clearly. List all the constraints
- Write the Excel formula for each cell marked with ?? in column B of figure 1, and label each formula clearly.
- List all the constraints in terms of the cell positions in figure 1.
A construction company has been contracted by a major league football team to build a new football stadium with a car parking lot. The team's current stadium was built for both baseball and football, and it has an enclosed oval shape, with seating around the entire circumference. Football crowds can fill the stadium to full capacity, but baseball games only fill the stadium to 70% of the total capacity. Thus the new stadium will be for football games only.
It is decided that the new stadium will be U-shaped, like a horseshoe. Seating would be all around the U, but there would be no seat at the open end. The construction engineers have calculated the length around the U (leaving out the open end part) as 1375 feet, and plan to build 100 rows of seats that extend back and up from the playing field. In fact, the geometry of the stadium is such that the row closest to the playing field (1strow) is shorter in length than the row farthest from the playing field (100throw). However, some of those rows are broken by equipments, exits, and concessions. Thus to simplify calculations for this study, you can assume that each of the 100 rows in the new stadium is 1375 feet in length. The construction engineers plan to install four kinds of seats:
- Box seats are the rows of seats closest to the playing field and are usually considered the most desirable and expensive.
- Red seats are the rows of seats in the next level up.
- Blue seats are the rows of seats in the level above the red seats.
- Yellow seats are the farthest rows up and away from the playing field, and they are the least desirable and cheapest.
The construction company needs to know the optimal number of seats for each type of seats to build in the new football stadium so that the total revenue would be maximized in the forecast plan, which is done in a Microsoft Excel spreadsheet using Excel's Solver. You are required to quantify the financial impacts of different stadium construction alternatives by writing Excel formulae and constraints to help with the calculations of this problem - see the spreadsheet (in figure 1 below). Microsoft Excel's Solver will calculate the number of seats to be built in cells B4 to B7 (changing cells) for each kind of seat.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started