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Excel Template Chapter 2 and 3

The document describes a problem involving maximizing profit for a pottery company given constraints on labor hours and clay pounds. The company makes bowls and mugs with given profits and resource requirements. The problem is to determine the number of bowls and mugs to make to maximize total profit within the constraints. An Excel solver is used to find the optimal solution.

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yugyeom rojas
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32 views

Excel Template Chapter 2 and 3

The document describes a problem involving maximizing profit for a pottery company given constraints on labor hours and clay pounds. The company makes bowls and mugs with given profits and resource requirements. The problem is to determine the number of bowls and mugs to make to maximize total profit within the constraints. An Excel solver is used to find the optimal solution.

Uploaded by

yugyeom rojas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Graphical Solution

Labor Remember the formulation model as reproduced here. To 45


prepare the graph, we need to identify the intercepts by
Clay subsitituting the values of x1, x2 equal to zero (0). 40
Say for the labor constraint, if the value of x2 is 0, thence
Intercepts x1 + 2(0) = 40; x1 = 40. 35
The X axis on this regard is 40 while the Y axis is 0 as
Labor
illustrated in your left. Then you can do the rest by 30
X axis Y axis viewing lots of tutorials in Youtube like this one:
x1 40 0 https://www.youtube.com/watch?v=rO0-OtVs6nA, copy 25
0 20 it in your browser.
Clay 20
Caution: Avoid comparing other people's styles of doing
X axis Y axis things, and do not be overwhelmed of the different
15
x2 30 0 presentation. Understand how it is being done and you
can also do your style always applying commons sense.
0 40 10
Practice using Excel, love it more than your current love
relationship (at this point in time). I assure you, you will
build a very exciting relationship. 5

0
0 5 10
Maximize Graph
45

40

35

30

25

20

15

10

0
0 5 10 15 20 25 30 35 40 45

Labor Clay
The Beaver Creek Pottery Company Be guided by the following:
1. Copy the table as seen in the e-B
Products Bowl Mug 2. Input the data variables in the tab
Profit per unit 40 50 Resources a. Cells with no shade are the variab
b. Yellow shaded cells require input
Resources: Usage Constraint Available Left over
c. The red shaded cells need no inpu
labor (hr/unit) 1 2 0 ≤ 40 40 3. Ensure the Add-in Excel Solver
clay (lb/unit) 4 3 0 ≤ 120 120 "Data" menu, you should see the "S
activate Add-in by clicking the follo
a. File, Options, Add-ins, Manage
b. Choose Excel Add-ins, click Go
Bowls = c. Choose Solver Add-in, click Ok
Mugs = 4. You're ready to solve the problem
Profit = 0 5. Follow the instruction provided b
is one link you can try https://www.
you can see more topics related to i
5. The solution you have performed
ed by the following:
the table as seen in the e-Book
the data variables in the table based from the given illustration in the book.
with no shade are the variables that requires inputting of data
w shaded cells require inputting of formula as illustrated in the e-Book
ed shaded cells need no inputting because its the solution destination.
re the Add-in Excel Solver is activated in you Excel which you will know when you click
menu, you should see the "Solver" submenu located at the rightmost part. If you cannot see it,
Add-in by clicking the following:
Options, Add-ins, Manage dropdown arrow (located at the bottom part)
se Excel Add-ins, click Go
se Solver Add-in, click Ok
e ready to solve the problem.
w the instruction provided by the e-Book or you can view so many tutorials from YouTube. Here
nk you can try https://www.youtube.com/watch?v=rO0-OtVs6nA (copy it to your browser and
see more topics related to it that you can watch).
olution you have performed can be compared with the Computer Solution Sheet.
The Beaver Creek Pottery Company

Products Bowl Mug


Profit per unit 40 50 Resources
Resources: Usage Constraint Available Left over
labor (hr/unit) 1 2 40 ≤ 40 0
clay (lb/unit) 4 3 120 ≤ 120 0

Bowls = 24
Mugs = 8
Profit = 1360

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