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Ather Shafiq Greater Assignment 6.6

The following 3 range names are defined in the worksheet: 1. Gross_Profit refers to cell B21 in the Forecast sheet 2. Hourly_Wages2021 refers to cell B6 in the Forecast sheet 3. Total_Production_Cost refers to cell B18 in the Forecast sheet

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Ather Shafiq
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19 views6 pages

Ather Shafiq Greater Assignment 6.6

The following 3 range names are defined in the worksheet: 1. Gross_Profit refers to cell B21 in the Forecast sheet 2. Hourly_Wages2021 refers to cell B6 in the Forecast sheet 3. Total_Production_Cost refers to cell B18 in the Forecast sheet

Uploaded by

Ather Shafiq
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as XLSX, PDF, TXT or read online on Scribd
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Ather Shafiq Scenario Summary 705870039.

xlsx

Scenario Summary
Current Values: Best Case Worst Case Most Likely
Changing Cells:
$B$4 200 200 100 150
$B$5 $ 30.00 $ 30.00 $ 25.00 $ 25.00
Hourly_Wages2021 $ 15.00 $ 15.00 $ 20.00 $ 15.00
Result Cells:
Total_Production_Cost $ 750.00 $ 750.00 $ 500.00 $ 562.50
$B$19
$B$20
Gross_Profit $ 6,000 $ 6,000 $ 2,500 $ 3,750
$B$22 $ 5,250 $ 5,250 $ 2,000 $ 3,188
Notes: Current Values column represents values of changing cells at
time Scenario Summary Report was created. Changing cells for each
scenario are highlighted in gray.
Ather Shafiq Answer Report 1 705870039.xlsx

Microsoft Excel 16.0 Answer Report


Worksheet: [Shafiq_Exp22_Excel_Ch06_CumAssessment_Delta_Paint (1).xlsx]Forecast
Report Created: 2023-11-02 4:55:36 PM
Result: Solver found a solution. All Constraints and optimality conditions are satisfied.
Solver Engine
Engine: GRG Nonlinear
Solution Time: 0.125 Seconds.
Iterations: 0 Subproblems: 0
Solver Options
Max Time 100 sec, Iterations 100, Precision 0.000001
Convergence 0.0001, Population Size 100, Random Seed 0, Derivatives Forward, Require Bounds
Max Subproblems Unlimited, Max Integer Sols Unlimited, Integer Tolerance 5%, Solve Without Integer Constraints

Objective Cell (Max)


Cell Name Original Value Final Value
$B$22 Net Profit $ 5,250 $ 5,250

Variable Cells
Cell Name Original Value Final Value Integer
$B$4 Units Sold 200 200 Contin

Constraints
Cell Name Cell Value Formula Status Slack
$B$16 Raw Materials Consumed 600 $B$16<=$B$10 Not Binding 14400
$B$17 Labor Hours Consumed 50 $B$17<=$B$13 Not Binding 1950
$B$4 Units Sold 200 $B$4<=$B$7 Binding 0
Ather Shafiq Answer Report 1 705870039.xlsx

teger Constraints
Ather Shafiq Forecast 705870039.xlsx

Delta Paint
Input
Units Sold 200
Unit Selling Price $ 30.00
Employee Hourly Wage $ 15.00
Maximum Capabilty per week 200

Limitations
Raw Materials in Units 15000
Required raw materials per unit 3
Required Labor Hours Per Gallon 0.25
Labor Hours available 2,000

Expenses
Raw Materials Consumed 600
Labor Hours Consumed 50
Total Production Cost $ 750.00

Income
Gross Profit $ 6,000
Net Profit $ 5,250
Ather Shafiq Forecast 705870039.xlsx

One-Variable Data Table: Production


Total Cost Gross Profit Net Profit
10 $ 37.50 $ 300.00 $ 262.50
20 $ 75.00 $ 600.00 $ 525.00
30 $ 112.50 $ 900.00 $ 787.50
40 $ 150.00 $ 1,200.00 $ 1,050.00
50 $ 187.50 $ 1,500.00 $ 1,312.50
60 $ 225.00 $ 1,800.00 $ 1,575.00
70 $ 262.50 $ 2,100.00 $ 1,837.50
80 $ 300.00 $ 2,400.00 $ 2,100.00
90 $ 337.50 $ 2,700.00 $ 2,362.50
100 $ 375.00 $ 3,000.00 $ 2,625.00
110 $ 412.50 $ 3,300.00 $ 2,887.50
120 $ 450.00 $ 3,600.00 $ 3,150.00
130 $ 487.50 $ 3,900.00 $ 3,412.50
140 $ 525.00 $ 4,200.00 $ 3,675.00
150 $ 562.50 $ 4,500.00 $ 3,937.50
160 $ 600.00 $ 4,800.00 $ 4,200.00
170 $ 637.50 $ 5,100.00 $ 4,462.50
180 $ 675.00 $ 5,400.00 $ 4,725.00
190 $ 712.50 $ 5,700.00 $ 4,987.50
200 $ 750.00 $ 6,000.00 $ 5,250.00

Two-Variable Data Table: Production and Manufacturing Time


Wages $15 $20 $25 $30 $35 $40
10 $ 262.50 $ 250.00 $ 237.50 $ 225.00 $ 212.50 $ 200.00
20 $ 525.00 $ 500.00 $ 475.00 $ 450.00 $ 425.00 $ 400.00
30 $ 787.50 $ 750.00 $ 712.50 $ 675.00 $ 637.50 $ 600.00
40 $ 1,050.00 $ 1,000.00 $ 950.00 $ 900.00 $ 850.00 $ 800.00
50 $ 1,312.50 $ 1,250.00 $ 1,187.50 $ 1,125.00 $ 1,062.50 $ 1,000.00
60 $ 1,575.00 $ 1,500.00 $ 1,425.00 $ 1,350.00 $ 1,275.00 $ 1,200.00
70 $ 1,837.50 $ 1,750.00 $ 1,662.50 $ 1,575.00 $ 1,487.50 $ 1,400.00
80 $ 2,100.00 $ 2,000.00 $ 1,900.00 $ 1,800.00 $ 1,700.00 $ 1,600.00
90 $ 2,362.50 $ 2,250.00 $ 2,137.50 $ 2,025.00 $ 1,912.50 $ 1,800.00
100 $ 2,625.00 $ 2,500.00 $ 2,375.00 $ 2,250.00 $ 2,125.00 $ 2,000.00
110 $ 2,887.50 $ 2,750.00 $ 2,612.50 $ 2,475.00 $ 2,337.50 $ 2,200.00
120 $ 3,150.00 $ 3,000.00 $ 2,850.00 $ 2,700.00 $ 2,550.00 $ 2,400.00
130 $ 3,412.50 $ 3,250.00 $ 3,087.50 $ 2,925.00 $ 2,762.50 $ 2,600.00
140 $ 3,675.00 $ 3,500.00 $ 3,325.00 $ 3,150.00 $ 2,975.00 $ 2,800.00
150 $ 3,937.50 $ 3,750.00 $ 3,562.50 $ 3,375.00 $ 3,187.50 $ 3,000.00
160 $ 4,200.00 $ 4,000.00 $ 3,800.00 $ 3,600.00 $ 3,400.00 $ 3,200.00
170 $ 4,462.50 $ 4,250.00 $ 4,037.50 $ 3,825.00 $ 3,612.50 $ 3,400.00
180 $ 4,725.00 $ 4,500.00 $ 4,275.00 $ 4,050.00 $ 3,825.00 $ 3,600.00
190 $ 4,987.50 $ 4,750.00 $ 4,512.50 $ 4,275.00 $ 4,037.50 $ 3,800.00
200 $ 5,250.00 $ 5,000.00 $ 4,750.00 $ 4,500.00 $ 4,250.00 $ 4,000.00
Ather Shafiq Range Names 705870039.xlsx

Gross_Profit =Forecast!$B$21
Hourly_Wages2021 =Forecast!$B$6
Total_Production_Cost =Forecast!$B$18

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